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 is set to ease -0.2%. While the benchmark remains ahead by +0.4% over five days, +3.4% over the past month and +7.6% over the past year, the six-month performance slipped further to -0.8%. The market reflected a softer tone, with 43 stocks declining compared with 29 gainers.
THE MAIN GAINERS
Among the gainers, Scales Corp (SCL, #32) led the market with a +2% rise, extending gains to +5% over one month, +7% over six months and +33% over the past year. Turners (TRA, #34) also advanced +2%, building on gains of +3% over five days, +4% over one month and +28% over the past year. Napier Port Holdings (NPH, #36) gained +2%, remaining up +2% over one month, +1% over six months and +16% year-on-year despite a -2% five-day decline. Investore Property (IPL, #48) added +1%, lifting its monthly gain to +2%, although the stock remains down -9% over both six months and one year.
Scales Corp
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THE MAIN DECLINERS
Leading the decliners was Briscoe Group (BGP, #30), which fell -3%, extending its five-day decline to -3% and leaving the retailer down -11% over six months and -20% over the past year despite a +4% monthly gain. Summerset Group Holdings (SUM, #19) dropped -2%, adding to a -1% weekly decline and remaining down -30% over six months and -21% over one year, although it retains a +14% gain over the past month. Meridian Energy (MEL, #2) declined -2%, trimming recent strength but remaining up +2% over five days, +6% over six months and +2% over the past year. Hallenstein Glassons (HLG, #41) also eased -2%, despite holding gains of +1% over five days, +2% over one month and +25% over the past year.
Briscoe Group
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SMARTSHARES EFTs
| 1-day | 5-day | 6-month | YTD | 1Y | |
| NZ Top 50 ETF (FNZ) | -0.3% | +0.3% | -4.7% | -5.6% | +2.9% |
| NZ Top 10 ETF (TNZ) | +0.1% | +0.2% | -0.4% | -0.9% | +3.8% |
| S/P NZX50 ETF (NZG) | -0.6% | -0.2% | -2.9% | -2.6% | +4.6% |
| NZ Dividend ETF (DIV) | -0.2% | +0.2% | -1.3% | -1.3% | +12.7% |
KEY ANNOUNCEMENTS
AFT Pharmaceuticals (AFT) has received approval from the US Food and Drug Administration to proceed with a Phase III clinical trial for its injectable iron development project after the FDA reviewed its Investigational New Drug application. AFT and development partner Hyloris Pharmaceuticals plan to conduct a global study involving 1,366 patients across several countries, including New Zealand, the United States, China, India and Japan. The company said the project is targeting an injectable iron market estimated to be worth US$7.41 bln.
Kathmandu Brands (KMD, #50) has announced a 1-for-25 share consolidation, with every 25 existing shares to be consolidated into one share on 1 July 2026, reducing the number of shares on issue from approximately 1.8 billion to 72 million. The company also confirmed the appointment of experienced corporate lawyer John Strowger as an independent non-executive director from the 1st of July as part of its board renewal process. Strowger's appointment coincides with the retirement of long-serving director David Kirk, while KMD said the search for an additional non-executive director remains ongoing.
Gentrack (GTK, #47) has completed its acquisition of Dubai Technology Partners (DTP), a Dubai-based airport technology and services provider, following the announcement of the transaction in April. DTP, which employs around 60 staff, will be integrated into Gentrack’s airport software business, Veovo, expanding its product offering, delivery capability and presence in the Middle East. The company said the acquisition represents an important step in its broader global growth strategy.
Mercury Energy (MCY, #6) has confirmed it will release its annual results for the year ended 30 June on Tuesday, the 18th of August. The company’s Chief Executive Stewart Hamilton and Chief Financial Officer Richard Hopkins will also host a live webcast on the same day to present the financial, operational and strategic performance. Further details of the webcast will be released closer to the announcement date.
NZX50 Energy Sector
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