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 a positive note, rising +0.3%. The index remains down -0.8% over the past five trading days but is up +0.9% over the past month, +2.4% over the past six months and +8.3% over the past year.
THE MAIN GAINERS
There were 51 gainers, led by Kathmandu Brands (KMD, #50), which jumped +4%, extending its five-day gain to +9% and one-month gain to +7%, although it remains down -98% over both the past six months and year. Spark (SPK, #14) gained +3%, with the telecommunications company up +6% over the past month despite easing -1% over the past five trading days and remaining down -12% over six months and -19% over the year. Vista Group (VGL, #43) rose +2%, building on gains of +6% over five days, +10% over the past month and +41% over the past six months, while remaining down -28% over the past year. Port of Tauranga (POT, #9) also added +2%, with the port operator up +5% over the past six months and +19% over the past year despite slipping -1% over five days and -3% over the past month.
Kathmandu
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THE MAIN DECLINERS
There were 32 decliners, with EBOS Group (EBO, #11) leading the losses after falling -2%. Despite the decline, the healthcare distributor remains up +3% over the past month, although it is down -15% over six months and -46% over the past year. Investore Property (IPL, #48) eased -1%, extending its five-day decline to -5%, while remaining up +1% over the past month and down -4% over six months and -9% over the past year. a2 Milk (ATM, #8) also slipped -1%, leaving the stock down -6% over five days, -10% over the past month, -19% over six months and -4% over the past year. Channel Infrastructure (CHI, #23) fell -1%, although it continues to hold gains of +8% over the past month, +18% over six months and +61% over the past year.
EBOS Group
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SMARTSHARES EFTs
| 1-day | 5-day | 6-month | YTD | 1Y | |
| NZ Top 50 ETF (FNZ) | +0.8% | -0.4% | -0.8% | -3.2% | +3.8% |
| NZ Top 10 ETF (TNZ) | -0.7% | -1.6% | +2.9% | +1.9% | +5.6% |
| S/P NZX50 ETF (NZG) | +0.3% | -0.9% | +1.0% | +0.2% | +5.5% |
| NZ Dividend ETF (DIV) | +0.1% | -0.6% | -1.6% | -2.3% | +6.8% |
KEY ANNOUNCEMENTS
Vista Group (VGL, #43) reported a strong first-half result for the six months ended 30 June, with total revenue rising +12% to $86.3 mln, recurring revenue up +14% to $80.1 mln and SaaS revenue surging +38% to $43.5 mln. Annual recurring revenue increased +17% to $170.1 mln, while EBITDA climbed +24% to $12.4 mln as contracted enterprise market share expanded from 46% to 48% following major customer wins including Cinépolis Mexico, Cineworld and Cineplexx, alongside the return of Cinemex. Reflecting the strong first-half performance and favourable foreign exchange conditions, Vista upgraded its FY26 revenue guidance to $179 mln-$184 mln from $176 mln-$182 mln, while maintaining its EBITDA margin outlook of 18%-20% for the full year.
Briscoe Group (BGP, #30) reported resilient first-half trading, with group sales rising +0.79% to $374.2 mln and second-quarter sales edging up +0.25% to $193.4 mln, marking a third consecutive quarter of sales growth. Online sales increased +2.07% to account for 19.6% of total sales, while the company launched a new Rebel Sport Club rewards programme to boost customer engagement. Briscoe expects first-half reported net profit after tax of at least $27 mln, despite higher operating costs from its new distribution centre and SAP implementation, with management remaining confident the investments will deliver long-term productivity and efficiency gains.
Westpac Banking Corporation (WBC) has completed the sale of its $15.4 bln RAMS mortgage portfolio to a consortium led by Pepper Money, alongside credit funds and accounts managed by KKR and PIMCO. The transaction simplifies Westpac’s operations, strengthens its balance sheet and is expected to increase its Common Equity Tier 1 capital ratio by around 23 basis points. Westpac said the transition was focused on ensuring a smooth handover for RAMS customers while supporting its strategy of becoming a simpler, stronger bank.
NZX50 Technology Sector
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