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 trading towards finishing in negative territory, inching down -0.1%. While the benchmark has eased -0.2% over the past five trading days and remains down -0.8% across six months, it continues to hold gains of +3.2% over one month and +8.0% over the past year. There were 42 stocks posting gains, with a total of 30 decliners.
THE MAIN GAINERS
Leading the gainers was Vulcan Steel (VSL, #33), which climbed +2% to build on a +2% five-day gain and remain up +1% over the past year, despite sitting -5% lower over one month and -24% over six months. Freightways (FRW, #17) also added +2%, extending gains to +3% over both five days and one month while remaining +23% higher year-on-year. Port of Tauranga (POT, #9) rose +1%, lifting its monthly gain to +8%, six-month performance to +12% and annual return to +29%. Meanwhile, Stride Property Group (SPG, #39) advanced +1%, although the stock remains down -1% over one month and -17% over six months while sitting broadly flat over the past year.
Vulcan Steel Limited
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THE MAIN DECLINERS
Kathmandu Brands (KMD, #50) again led the declines, falling -4% to deepen losses to -11% over five days and -58% over six months, with the stock now down -56% over the past year despite a modest +1% monthly gain. Vista Group (VGL, #43) slipped -2%, although it continues to hold gains of +4% over both five days and one month despite remaining -29% lower over the past year. Turners Automotive Group (TRA, #34) fell -2%, trimming recent momentum but retaining gains of +3% over one month, +2% over six months and +23% over the past year. Hallenstein Glassons (HLG, #41) eased -1%, with the retailer continuing to post gains of +3% over both one month and six months, alongside a +24% annual return.
Kathmandu
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SMARTSHARES EFTs
| 1-day | 5-day | 6-month | YTD | 1Y | |
| NZ Top 50 ETF (FNZ) | +0.1% | +0.1% | -4.2% | -4.8% | +3.8% |
| NZ Top 10 ETF (TNZ) | +0.2% | +0.3% | +1.0% | 0.0% | +4.7% |
| S/P NZX50 ETF (NZG) | +0.2% | -0.4% | -1.2% | -1.5% | +4.9% |
| NZ Dividend ETF (DIV) | +0.1% | -0.9% | -1.6% | -1.6% | +11.3% |
KEY ANNOUNCEMENTS
Vista Group (VGL, #43) has signed a new agreement with existing customer Cineplexx to transition its European cinema circuit to Vista Cloud's Operational Excellence platform. The rollout will cover 59 cinema sites and more than 400 screens across 11 European countries, strengthening Vista's long-standing relationship with one of the region's largest cinema operators. The company said the agreement highlights growing demand for its scalable cloud-based technology as exhibitors modernise their operations.
Kathmandu Brands (KMD, #50) has completed the refinancing of its debt facilities, securing NZ$208 mln in syndicated sustainability-linked multi-currency revolving credit facilities with funding available through to October 2028. The company said the new facilities, together with the proceeds from its April equity raising, strengthen its balance sheet and provide sufficient liquidity to support working capital requirements. They added that the refinancing offers greater financial flexibility as it continues executing its Next Level transformation strategy while targeting further reductions in leverage over the longer term.
Fonterra has appointed former Chief Financial Officer Jonathan Mason as an Independent Director, effective 1 October. Mason will also chair the Co-operative's Audit, Finance and Risk Committee and join the Milk Price Panel, bringing more than 30 years of financial leadership and governance experience. He replaces long-serving Independent Director Bruce Hassall, who will retire at the end of September after nine years on the Board.
Briscoe Group (BGP, #30) has appointed Debbie MacDonald as its new General Manager of People, with responsibility for the company’s people strategy, organisational capability, employment relations, health and safety, remuneration governance and privacy functions.
NZX50 Technology Sector
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