Here are the key changes to know about in the New Zealand equity market; SkyCity casino, Auckland Airport, Hallensteins and AirNZ rise as Vulcan Steel, Briscoes, Fletcher Building and Vector weight on the NZX50

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 moving towards a marginal decline, pausing after recent gains despite maintaining a solid longer-term trend. The benchmark remains up +0.9% over the past five trading days, +3.4% over the last month, +0.2% across six months and +6.9% over the past year. The balance in the equities market leaned negative through with 27 companies finishing higher compared with 42 decliners.

THE MAIN GAINERS
Leading the market higher was SkyCity Entertainment (SKC, #41), which climbed +3%, lifting its one-month performance to +13% despite remaining down -38% over six months and -32% over the past year. Auckland International Airport (AIA, #4) gained +2%, adding to its positive longer-term trend with increases of +2% over one month, +2% across six months and +10% over the past year. Hallenstein Glassons (HLG, #42) also rose +2%, extending gains to +4% over one month, +3% over six months and +19% over the past year. Air New Zealand (AIR, #23) rounded out the top performers, edging up +1% while remaining up +3% over one month, despite declines of -25% across six months and -23% over the past year.

THE MAIN DECLINERS
Losses were more widespread across the market, led by Vulcan Steel (VSL, #33), which dropped -6% to extend declines to -6% over five days, -7% over one month and -27% over six months. Briscoe Group (BGP, #30) fell -3%, with the retailer now down -2% over five days, -3% over one month, -13% over six months and -14% over the past year. Fletcher Building (FBU, #13) also lost -3%, although the company remains up +6% over one month and +10% over the past year despite being down -12% over six months. Vector (VCT, #10) eased -2%, while continuing to hold gains of +1% over five days, +2% across six months and +15% over the past year.

SMARTSHARES EFTs

KEY ANNOUNCEMENTS
Spark (SPK, #14) says it does not expect the Government's proposed spectrum policy changes to have a material direct impact on its operations but has raised concerns about the increased uncertainty for the telecommunications sector. The company said the proposed approach could reduce the amount of spectrum available for its network and create uncertainty around future access to key spectrum bands, potentially affecting the timing and scale of long-term network investment. Spark will continue engaging with the Government as the policy process progresses.

Heartland Group Holdings (HGH, #28) has advised that it will release its full-year FY26 financial results for the year ended 30 June on Thursday, the 20th of August.

One NZ has today announced that CFO Nick Judd will succeed Jason Paris as CEO of the company. The transition follows Mr Paris’ eight years in the role.

Scales Corp (SCL, #32) has confirmed the strike price for shares issued under its Dividend Reinvestment Plan (DRP) at $6.13 for the FY25 final dividend. The price reflects the five-day volume weighted average share price from the 24th of June.

ANZ Group has appointed Rachel Slade as a Non-Executive Director across ANZ Group Holdings, Australia and New Zealand Banking Group Limited, and ANZ BH Pty Ltd, effective the 13th of July. Slade brings more than 20 years of banking experience from senior roles at National Australia Bank and Westpac, including leadership across retail, business and transaction banking. ANZ Chair Paul O’Sullivan said her customer-focused strategy experience and background in large-scale banking transformation will support the group’s execution of its long-term growth strategy.

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