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 a decline of -0.6% today even after the OCR hike, giving back some recent gains despite remaining +0.5% higher over the past five trading days and +4.9% ahead over the past month. The index has eased -0.3% over the past six months but continues to hold a healthy +6.4% gain over the past year.
THE MAIN GAINERS
Leading the 29 gainers was The NZX (NZX, #45), climbing +3% to extend its five-day gain to +5% while remaining +13% higher over the past month despite sitting -2% lower over both the past six months and year. Oceania Healthcare (OCA, #44) also added +3%, building on a +1% weekly gain while continuing to trade -16% lower over six months and -1% lower over the past year. Precinct Properties (PCT, #20) rose +1%, lifting its monthly performance to +5%, although it remains -14% lower over six months and -17% behind year-on-year. Channel Infrastructure (CHI, #24) rounded out the top performers, gaining +1% to move +1% higher over the week, +4% over the month, +7% across six months and an impressive +44% over the past year.
NZX
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THE MAIN DECLINERS
On the downside, 49 companies ended the session lower, led by Summerset Group (SUM, #19), which fell -3%, extending its weekly decline to -3% despite remaining +10% higher over the past month, while sitting -31% lower over six months and -29% over the year. Gentrack (GTK, #47) dropped -2%, deepening losses to -7% over the week, -8% over the month, -58% across six months and -71% over the past year. SkyCity Entertainment (SKC, #41) also declined -2%, taking its five-day loss to -6%, although it remains +13% higher over the month while still down -39% over six months and -38% year-on-year. F&P Healthcare (FPH, #1) eased -1%, but continues to hold gains of +3% over the week, +8% over the month, +3% across six months and +9% over the past year.
Summerset Group Holdings
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SMARTSHARES EFTs
| 1-day | 5-day | 6-month | YTD | 1Y | |
| NZ Top 50 ETF (FNZ) | -0.2% | +1.3% | -4.3% | -3.7% | +2.3% |
| NZ Top 10 ETF (TNZ) | -0.7% | +1.4% | +0.3% | +1.8% | +4.9% |
| S/P NZX50 ETF (NZG) | -0.9% | +0.4% | -1.7% | -0.6% | +3.8% |
| NZ Dividend ETF (DIV) | +0.2% | +0.2% | -2.9% | -2.2% | +7.0% |
KEY ANNOUNCEMENTS
Tāiko Critical Minerals (TCM) has successfully completed a $7 mln equity raising through a placement to wholesale investors at an issue price of $0.25 per share. The proceeds will provide working capital as the company advances its Barrytown Minerals Project through definitive feasibility studies, Fast-track consenting, Overseas Investment Office approval and towards construction. The company will also launch a Share Purchase Plan (SPP), allowing eligible New Zealand shareholders to invest up to $50,000 each at the same $0.25 per share issue price.
NZX50 Overall
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