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 broadly flat on Tuesday, barely higher after a morning rise to extend its five-day gain to +2.5%. The index is down -0.4% over the past month but remains +7.2% higher over six months and +5.2% higher over the past year. Market balance was positive, with 43 gainers compared with 33 decliners.
THE MAIN GAINERS
Vulcan Steel (VSL, #32) leads the day’s gains, rising +4% and extending its five-day advance to +15% and one-month gain to +10%. Kathmandu Brands (KMD, #50) and Kiwi Property Group (KPG, #22) each gain +3%, with Kathmandu up +11% over the past month despite remaining down -46% over the past year. Kiwi Property is +5% higher over five days but remains -1% over the past month and -10% over the past year. Goodman (GNZ, #16) rises +2%, taking its five-day gain to +5% and leaving the stock +4% higher over six months and the past year.
Vulcan Steel Limited
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THE MAIN DECLINERS
a2 Milk (ATM, #8) is the weakest of the major stocks, falling -2% and giving back some of its recent gains, although it remains +2% higher over the past month. Vector (VCT, #10) also declines -2% despite being +4% higher over five days and +2% higher over six months and the past year. Air New Zealand (AIR, #26) and Ryman Healthcare (RYM, #18) each fall -1%, with Air New Zealand still +8% higher over five days while Ryman is +4% higher. Both remain lower over longer periods, with Air New Zealand down -33% and Ryman down -16% over the past year.
A2 Milk
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SMARTSHARES EFTs
| 1-day | 5-day | 6-month | YTD | 1Y | |
| NZ Top 50 ETF (FNZ) | +0.2% | +1.9% | +3.4% | -3.6% | -0.2% |
| NZ Top 10 ETF (TNZ) | -0.1% | +0.7% | +8.5% | +3.7% | +5.3% |
| S/P NZX50 ETF (NZG) | +0.1% | +2.1% | +6.1% | +0.9% | +2.8% |
| NZ Dividend ETF (DIV) | +0.6% | +2.2% | +2.1% | -1.1% | +2.1% |
KEY ANNOUNCEMENTS
Michael Hill says FY26 marked an important turning point, with sales momentum returning, improved profitability and cash generation, and a stronger balance sheet following efforts to simplify the business and sharpen execution. The Group is focusing on its Michael Hill and Bevilles brands, with opportunities across Canada, Australia and New Zealand, digital and personalised jewellery, while technology and AI are being used to improve operations and customer engagement. A final dividend of AU2.0 cents per share has been restored, reflecting improved operating performance and financial strength. The company enters FY27 focused on improving store productivity, diversifying growth across markets and channels, strengthening gross profit and delivering sustainable operating leverage, alongside a transition to new Chair Claudia Batten.
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