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 down -0.6% today, extending its decline over the past five trading days to -2.5% and its monthly decline to -1.7%. Despite the recent weakness, the benchmark is up +2.5% over the past six months and +3.0% over the past year. There were with 43 decliners compared with 38 gainers in the overall equity market today.
THE MAIN GAINERS
Among the gainers, Briscoe Group (BGP, #32) rose +3%, down -3% over the past five trading days, -5% over the past month, -7% over six months and -20% year-on-year. Kiwi Property Group (KPG, #21) gained +1%, down -3% over the past five trading days, -5% over the past month and -7% over six months, while it was down -13% year-on-year. Hallenstein Glassons (HLG, #35) added +1%, extending its monthly gain to +13%, while it's up +23% over six months and +35% year-on-year. Mercury Energy (MCY, #5) rose +1%, and remains down -1% over the past five trading days, while it's up +1% over the past month, +5% over six months and is down -3% year-on-year.
Briscoe Group
Select chart tabs
THE MAIN DECLINERS
Among the decliners, Serko (SKO, #49) fell -3%, extending its five-day decline to -13% and monthly decline to -20%, while down -32% over six months and -49% year-on-year. Gentrack (GTK, #45) declined -3%, taking its five-day decline to -15%, although it stays +5% higher over the past month and six months, while down -61% year-on-year. F&P Healthcare (FPH, #1) fell -2%, extending its five-day decline to -3%, although it remains +2% higher over the past month, +11% higher over six months and +13% higher year-on-year. Vulcan Steel (VSL, #31) decreased -2%, extending its five-day decline to -14% and monthly decline to -5%, down -19% over six months and -24% year-on-year.
Serko
Select chart tabs
SMARTSHARES EFTs
| 1-day | 5-day | 6-month | YTD | 1Y | |
| NZ Top 50 ETF (FNZ) | -0.2% | -1.9% | -1.1% | -4.7% | -2.0% |
| NZ Top 10 ETF (TNZ) | -0.6% | -1.9% | +3.3% | +2.2% | +2.3% |
| S/P NZX50 ETF (NZG) | -0.4% | -2.4% | +1.4% | -0.5% | +1.0% |
| NZ Dividend ETF (DIV) | +0.3% | -1.2% | -0.9% | -3.2% | -0.9% |
KEY ANNOUNCEMENTS
Millennium & Copthorne Hotels New Zealand (MCK) reported a +15% increase in hotel revenue for the six months ended 30 June , contributing to a +58% rise in net profit before tax to $18 mln. The company said South Island hotels, particularly those in Queenstown, were the main contributors, while properties in Rotorua, Auckland and the Bay of Islands also recorded positive demand trends. MCK also sold two Zenith Residences apartments during the period, leaving four remaining for sale, and is progressing conditional agreements for the potential sale of the Copthorne Hotel Rotorua site and under-utilised land around Copthorne Hotel Palmerston North. Proceeds from any property sales are intended to be reinvested into its existing hotel portfolio. Its majority-owned property development subsidiary, CDL Investments New Zealand, reported a lower result in line with previous guidance.
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.