Here are the key changes to know about in the New Zealand equity market; NZX50 finishes the week flat as SkyCity casino, Gentrack, Property for Industry and Vulcan Steel lead gains while Goodman, Napier Port, Heartland and Turners decline

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 finishing the final trading session of the week with a no-change day. The benchmark index remains down -1.2% over the past five trading days but is still up +1.7% over the past month, +0.3% over the past six months and +5.6% compared with the same time last year.

THE MAIN GAINERS
There were 33 gainers across the market, led by SkyCity Entertainment (SKC, #41), which surged +6% to remains down -41% over six months and -37% over the past year, its monthly performance has improved to +5%. Gentrack Group (GTK, #47) climbed +4%, adding to a +2% gain over the past week and +3% over the month, although the stock remains -54% lower over six months and -68% below its level a year ago. Property for Industry (PFI, #29) advanced +3%, despite being -1% lower over the past week and six months, while remaining +4% higher year-on-year. Vulcan Steel (VSL, #33) rose +2%, extending its five-day gain to +5% and lifting its monthly return to +3%, although it remains down -29% over six months and -14% over the past year.

THE MAIN DECLINERS
There were 41 decliners during the session, with Goodman NZ (GNZ, #16) recording the largest fall, down -3%. The utility is now down -3% over the past week and -2% over the month but remains +6% higher over both the past six months and year. Napier Port (NPH, #36) slipped -1%, while remaining +1% higher over the past month and +14% above its level a year ago despite being -4% lower over six months. Heartland Group Holdings (HGH, #27) eased -1%, extending declines to -2% over the week and -4% over the month, although the stock remains +44% higher than a year ago. Turners Automotive Group (TRA, #35) also fell -1%, leaving it down -4% over the past week, -2% over the month and -4% over six months, while maintaining a +21% gain over the past 12 months.

SMARTSHARES EFTs

KEY ANNOUNCEMENTS
SkyCity Entertainment Group (SKC, #41) has confirmed the sale of its 99 Albert Street office building and Victoria Street investment properties is now unconditional. The properties will be acquired by Mainland Capital, in a joint venture with Russell Property Group, for $74.5 million, with settlement expected on 1 September 2026. SkyCity said the proceeds will be used to reduce debt and strengthen its balance sheet, providing greater financial flexibility as it navigates current market conditions.

Vector (VCT, #10) has advised it will release its financial results for the year ended 30 June 2026 on Tuesday, 18 August 2026. The company will also host an investor webcast following the release of its full-year results.

Property for Industry (PFI, #29) has completed a refinancing of its bank facilities, extending debt maturities through to 2031 and reducing total committed facilities from $675 million to $600 million as part of its disciplined capital management strategy. The company has also updated its Green Finance Framework and introduced flexible Green and Non-Green debt tranches, allowing funding to better align with the growth of eligible sustainable assets. PFI said the changes strengthen its funding position, support its Green Star development pipeline, and increase the weighted average term to debt maturity to 4.5 years, with further strategy updates to be provided alongside its FY26 results on 24 August 2026.

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