Here are the key things you need to know about in the NZX markets over the past 24 hours. Changes are as at 3:00 pm and may change when the market closes at 4:45 pm.
WHAT THE NZX 50 INDEX IS DOING
The NZX50 posts a 5olid gain of +0.4% today, taking its five-day lift to +0.4%. The index remains up +3.9% over the past month and +7.6% over the past year, although it continues to sit slightly lower at -0.3% over six months. Market movement was positive, with 43 stocks finishing higher compared with 31 decliners.
THE MAIN GAINERS
Leading the gainers was Vista Group (VGL, #43), which climbed +4% on the day and is now up +4% over five days and +7% over one month, despite remaining down -7% over six months and -31% over the past year. a2 Milk (ATM, #8) added +3%, extending its recent rally to +16% over five days and +25% over one month, while narrowing its six-month decline to -20%. Oceania Healthcare (OCA, #44) also gained +3%, lifting its five-day return to +5% and its one-year gain to +21%, although the stock remains down -16% over six months. Kathmandu Brands (KMD, #50) rose +3%, adding to a strong +30% monthly gain, but remains down -54% over six months and -51% over the past year.
Vista Group
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THE MAIN DECLINERS
Among the decliners, Vulcan Steel (VSL, #33) led the falls with a -2% decline, despite remaining up +2% over five days, while sitting down -9% over one month and -27% over six months. F&P Healthcare (FPH, #1) eased -1%, extending its five-day decline to -2%, although the healthcare heavyweight remains up +13% over one month and +4% over the past year. Mainfreight (MFT, #7) slipped -1%, adding to a -5% weekly decline, while remaining up +3% over one month despite being down -11% over six months and -7% year-on-year. Freightways (FRW, #17) also fell -1%, with the stock down -1% over one month and -7% over six months, although it continues to hold a strong +22% gain over the past year.
Vulcan Steel Limited
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SMARTSHARES EFTs
| 1-day | 5-day | 6-month | YTD | 1Y | |
| NZ Top 50 ETF (FNZ) | +0.7% | +1.4% | -3.9% | -4.8% | +3.9% |
| NZ Top 10 ETF (TNZ) | +0.3% | +1.0% | -0.3% | -0.3% | +3.9% |
| S/P NZX50 ETF (NZG) | +0.3% | +0.2% | -1.6% | -1.9% | +4.4% |
| NZ Dividend ETF (DIV) | +0.2% | -0.1% | -0.4% | -1.2% | +12.8% |
KEY ANNOUNCEMENTS
Minerals Exploration (MEX) has completed the first phase of diamond drilling at the Jubilee gold prospect within its Waitekauri Gold Project, with all eight holes intersecting quartz-mineralised zones and the best result returning 0.5 metres at 10.5g/t gold. The company also reported multiple high-grade rock chip results across the project area, including samples grading up to 2,273g/t gold, alongside other significant assays of 362g/t, 283g/t and 230g/t gold. Exploration activities are continuing at Jubilee South, while additional geochemical and geophysical surveys are underway to help identify the source of the high-grade mineralisation and support future drilling targets.
Kiwi Property Group (KPG, #23) shareholders have approved all four resolutions put forward at the company's annual meeting, including the re-election of directors Simon Shakesheff, Peter Alexander and Carlie Eve, as well as authorising the Board to fix the auditor's remuneration. All resolutions received strong shareholder support, with more than 93% of votes cast in favour, while the resolutions relating to Shakesheff, Alexander and auditor remuneration each attracted support of more than 99%.
NZX50 Property Sector
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