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 begins the new trading week on the back foot, easing -0.3%. The index is now down -0.2% over the past five trading days but remains +2.9% higher over the past month. Longer-term momentum continues to improve, with the index up +0.7% over six months and +8.5% over the past year.
THE MAIN GAINERS
Among the 34 gainers, The NZX (NZX, #45) led the way with a +2% rise, extending its five-day gain to +2% and its one-month advance to +6%, although the exchange operator remains -6% lower over six months and -4% lower year-on-year. Skellerup Holdings (SKL, #28) added +1%, building on a +1% monthly gain while continuing to deliver strong longer-term performance with gains of +26% over six months and +32% over the past year. Spark (SPK, #14) also climbed +1%, lifting its weekly performance to +2%, despite remaining -3% over the past month, -17% across six months and -26% lower than a year ago. Kiwi Property Group (KPG, #21) rounded out the leading gainers with a +1% increase, while sitting +2% higher over the past month despite declines of -2% over the week, -9% over six months and -3% year-on-year.
NZX
Select chart tabs
THE MAIN DECLINERS
On the other side of the ledger, 47 companies closed lower, led by SkyCity Entertainment (SKC, #41), which fell -3% to deepen its weekly decline to -7%. Despite remaining +6% higher over the past month, the casino operator is down -45% over six months and -43% over the past year. a2 Milk (ATM, #7) also lost -3%, trimming its monthly gain to +16%, while sitting -6% lower over the week, -20% down across six months and +8% higher year-on-year. Vulcan Steel (VSL, #33) declined -2%, leaving the stock down -1% over the week, -2% over the month, -34% across six months and -20% over the past year. Vista Group (VGL, #43) slipped -2%, extending its weekly loss to -4%, while remaining +5% higher over the past month and -33% lower than a year ago.
SKYCITY Entertainment
Select chart tabs
SMARTSHARES EFTs
| 1-day | 5-day | 6-month | YTD | 1Y | |
| NZ Top 50 ETF (FNZ) | -0.1% | -0.4% | -3.7% | -3.4% | +2.9% |
| NZ Top 10 ETF (TNZ) | +0.1% | +0.3% | +2.3% | +2.8% | +7.6% |
| S/P NZX50 ETF (NZG) | -0.2% | -0.2% | -0.6% | +0.2% | +5.9% |
| NZ Dividend ETF (DIV) | +0.4% | -0.2% | -1.9% | -1.9% | +8.2% |
KEY ANNOUNCEMENTS
2 Cheap Cars (2CC) has received a Takeover Notice from its majority shareholder, Sena & Co Limited, signalling its intention to make a full takeover offer for the shares it does not already own at a proposed cash price of $0.80 per share. Sena & Co, which is owned by the Sena Family Trust and already holds approximately 76% of 2CC, has between 10 and 20 working days to decide whether to proceed with a formal offer. An independent board committee has been established to oversee the process, with Simmons Corporate Finance appointed to prepare an Independent Adviser’s Report, while shareholders have been advised to take no action until the formal offer documents and the company's Target Company Statement are released.
Fonterra Co-op Group (FSF) has lowered its 2026/27 forecast Farmgate Milk Price to $9.25 per kgMS, down from its opening forecast of $9.75 per kgMS, following weaker-than-expected Global Dairy Trade auction results. You can read more here: Fonterra trims its milk payout forecast
Channel Infrastructure (CHI, #24) has announced further progress on the redevelopment of its Marsden Point Energy Precinct, signing an agreement to sell and remove the fully decommissioned CCR Platformer unit for net proceeds of US$5.95 mln. The company said the sale removes around NZ$3 mln of expected demolition costs and supports enabling works for the proposed Marsden Point Biorefinery. The biorefinery project, led by Seadra Energy and involving partners including Qantas, Air New Zealand, ANZ NZ and others, has expanded its scope to include sustainable aviation fuel, biodiesel and fertiliser production from domestic biogenic feedstocks. Channel said the project could deliver up to 400 million litres of renewable fuel annually, attract more than $1 bln in private investment and strengthen New Zealand’s energy resilience, with the consortium now moving into the early contractor involvement phase ahead of a final investment decision.
NZX50 Industrial Sector
Select chart tabs
Click on the chart title to find more about this sector, including its components.
We welcome your comments below. If you are not already registered, please register to comment
Remember we welcome robust, respectful and insightful debate. We don't welcome abusive or defamatory comments and will de-register those repeatedly making such comments. Our current comment policy is here.