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 easing -0.1%, beginning the new trading week on a softer note. Despite the decline, the index remains -0.3% lower over the past five days, +1.7% over the past month, +0.8% over six months and +5.5% higher year-on-year.
THE MAIN GAINERS
There were 26 gainers across the market, led by Fletcher Building (FBU, #13), which rose +2% on the day to extend its gains to +7% over the past five days, +14% over the past month and +25% over the past year. SkyCity Entertainment Group (SKC, #41) also climbed +2%, lifting its five-day performance to +13%, although it remains -40% lower over six months and -35% over the past year. Spark (SPK, #14) added +2%, taking its one-month performance to +2%, while remaining -19% over six months and -28% year-on-year. Chorus (CNU, #12) gained +1%, building on a +1% rise over the past five days while remaining +4% higher over six months and +13% ahead of the same time last year.
Fletcher Building
Select chart tabs
THE MAIN DECLINERS
There were 50 decliners, with Investore Property (IPL, #48) falling -2%, leaving the stock +1% higher over the past month but -7% over six months and -9% over the past year. Oceania Healthcare (OCA, #44) also lost -2%, despite remaining +1% higher over the past five days, while sitting -3% over the past month and -15% over six months. Vulcan Steel (VSL, #33) dropped -2%, trimming its five-day gain to +1%, with the stock now -3% over the past month, -27% over six months and -15% year-on-year. Ryman Healthcare (RYM, #18) declined -2%, although it remains +4% higher over the past five days, while sitting -3% over the past month, -27% over six months and -15% over the past year.
Investore Property
Select chart tabs
SMARTSHARES EFTs
| 1-day | 5-day | 6-month | YTD | 1Y | |
| NZ Top 50 ETF (FNZ) | +0.3% | +0.5% | -3.2% | -3.5% | +1.5% |
| NZ Top 10 ETF (TNZ) | +0.1% | -0.4% | +2.0% | +1.5% | +2.5% |
| S/P NZX50 ETF (NZG) | +0.1% | -0.3% | -0.4% | -0.4% | +2.6% |
| NZ Dividend ETF (DIV) | +0.5% | +0.2% | -1.9% | -1.9% | +7.2% |
KEY ANNOUNCEMENTS
The NZX (NZX, #45) has announced it will release its financial and trading results for the period ended 30 June on Thursday, the 20th of August. Acting Chief Executive Officer Graham Law and Acting Chief Financial Officer Amy Trotman will host a teleconference for investors and analysts to present the results and discuss the company's performance.
Fletcher Building’s (FBU, #13) Golden Bay Cement has reached an agreement with the New Zealand Government for up to $60 mln in support to maintain domestic cement production at its Northland facility. The agreement secures continued operations at the Portland plant until at least 2040, with Golden Bay Cement committing to invest at least $150 mln over the period towards optimisation, resilience and decarbonisation initiatives. The support recognises the strategic importance of New Zealand’s only domestic cement manufacturer, which supplies nearly 60% of the country’s cement demand, and aims to offset the carbon cost disadvantage faced against imported cement.
Vista Group (VGL, #43) has appointed Lauren Quaintance as an independent director, effective 17 August. Quaintance brings extensive experience across media, marketing, digital strategy and entrepreneurship, with current governance roles including Turners Automotive Group, Autosure Insurance, J.Ballantyne and Co., and the Crusaders rugby franchise. Her appointment is expected to support Vista Group’s cloud transition, digital growth strategy and expansion into new markets, with the company noting the move forms part of its broader board succession planning process.
Turners Automotive (TRA, #35) has set the strike price for its Dividend Reinvestment Plan (DRP) at NZ$8.09 per share for the dividend payable on the 29th of July. The price was calculated using the volume-weighted average trading price of Turners shares across five NZX trading days from the 13th of July, with a 2% discount applied in line with the DRP terms. Shareholders participating in the plan will receive shares instead of cash dividends at the determined issue price.
a2 Milk (ATM, #7) has confirmed it will release its FY26 financial results for the year ended 30 June on Monday, the 17th of August. The announcement will provide an update on the company’s performance following a year impacted by supply chain challenges in its China infant milk formula business.
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.