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 climbs +0.6%, extending its gains across the market, with the index now +0.7% over the past month, +4.8% over six months and +8.3% over the past year. Momentum was broadly positive, with 53 stocks gaining against 31 decliners, while the index was essentially flat over the past five days at +0.01%.
THE MAIN GAINERS
The group of 53 gainers were led by Mainfreight (MFT, #7), which rose +3% and is now +11% over both the past month and six months, while sitting +16% higher year-on-year. Sky Network Television (SKT, #46) also gained +3%, taking its six-month increase to +7% and one-year gain to +13%, despite being -1% over five days and -1% over the month. Air New Zealand (AIR, #24) added +2%, although it remains -1% over the month, -25% over six months and -28% year-on-year. a2 Milk (ATM, #8) was also +2%, with gains of +2% over five days, while remaining -2% over the month and -16% over six months.
Mainfreight
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THE MAIN DECLINERS
The 31 decliners were headed by Tourism Holdings (THL, #40), down -2%, trimming its one-month performance to -2% despite remaining +25% higher over six months and +35% year-on-year. Hallenstein Glassons (HLG, #42) fell -1%, taking its five-day performance to -1%, although it remains +5% over the month, +6% over six months and +27% over the year. Kathmandu Brands (KMD, #50) slipped -1% and is now -4% over five days, while still +3% over the month but down -55% over six months and -52% year-on-year. Vital Healthcare Property (VHP, #22) also eased -1%, with its one-year performance sitting at -6%.
Kathmandu
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SMARTSHARES EFTs
| 1-day | 5-day | 6-month | YTD | 1Y | |
| NZ Top 50 ETF (FNZ) | +1.1% | +0.2% | +0.3% | -3.1% | +3.9% |
| NZ Top 10 ETF (TNZ) | +0.5% | +0.3% | +6.5% | +3.3% | +5.9% |
| S/P NZX50 ETF (NZG) | +0.6% | -0.2% | +3.7% | +0.9% | +5.8% |
| NZ Dividend ETF (DIV) | -0.1% | +0.8% | -2.3% | -3.1% | +5.9% |
KEY ANNOUNCEMENTS
Vital Healthcare Property Trust (VHP, #22) reported a transformational FY26, with AFFO rising +23.5% to $86.9mln and AFFO per unit up +10.5% to 11.50 cents, while net property income increased +9.0% to $162.2mln. Distributions were maintained at 9.75 cents per unit, with portfolio occupancy at 97.2% following 27,600sqm of leasing activity and a $60.1mln unrealised valuation gain. Vital also completed $229.1mln of developments, refinanced $1.4bln of debt on improved terms and reduced gearing to 39.6% from 42.1%, with the trust saying its new internally managed structure positions it for future growth.
NZX50 Property Sector
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