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 falls -0.5%, taking its decline over the past month to -0.9% after a period of stronger performance. Despite the recent weakness, the index remains +8.3% higher over the past six months and +4.3% above its level a year ago. The market tilt is negative, with 43 stocks declining compared with 36 gainers.
THE MAIN GAINERS
Among the gainers, Hallenstein Glassons (HLG, #35) leads the market, rising +3% and extending its recent strong run. The retailer is now +7% higher over five trading days, +30% over one month, +45% over six months and +55% over the past year. Sanford (SAN, #43) also gains +3%, taking its five-day rise to +6%, although the stock remains -6% lower over both one and six months. Tourism Holdings (THL, #41) and Skellerup Holdings (SKL, #23) each rise +2%, with THL now +34% higher over six months and +11% over the past year. Skellerup has delivered particularly strong longer-term gains, rising +43% over six months and +53% over the past year.
Hallensteins Glassons
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THE MAIN DECLINERS
Among the decliners, Gentrack (GTK, #46) falls -3%, extending its recent weakness and leaving the stock down -7% over five days, -6% over one month, -43% over six months and -62% over the past year. Vista Group (VGL, #38) also declines -3%, although the stock remains +63% higher over six months following its substantial longer-term gains. Briscoe Group (BGP, #30) falls -2% despite being +3% higher over five days and broadly flat over the available one-month period. Precinct Properties (PCT, #20) also declines -2%, extending its five-day decline to -7% and leaving the stock down -11% over one month, -10% over six months and -28% over the past year.
Gentrack
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SMARTSHARES EFTs
| 1-day | 5-day | 6-month | YTD | 1Y | |
| NZ Top 50 ETF (FNZ) | -0.1% | +0.1% | +3.9% | -4.4% | -1.4% |
| NZ Top 10 ETF (TNZ) | -0.6% | +1.2% | +9.2% | +3.2% | +4.8% |
| S/P NZX50 ETF (NZG) | -0.6% | +0.8% | +7.2% | +0.3% | +1.4% |
| NZ Dividend ETF (DIV) | +0.2% | -0.2% | 1.4% | -1.7% | +0.6% |
KEY ANNOUNCEMENTS
Fonterra Shareholders Fund (FSF, #33) reports a strong FY26 result, with total revenue of $27 bln and total cash returns to shareholders of $19.6 bln. Reported operating profit rises +97.6% to $3.4 bln, including a $1.2 bln benefit from the Mainland divestment, while profit after tax increases +142% to $2.6 bln. Underlying operating profit from continuing operations rises +23.6% to $1.8 bln, with earnings of 71 cents per share and return on capital improving to 14.2%. Fonterra declares a fully imputed final dividend of 33 cents per share, taking total FY26 dividends to 73 cents, while the final 2025/26 Farmgate Milk Price is $9.69/kgMS. For FY27, Fonterra forecasts underlying earnings of 65-85 cents per share and a Farmgate Milk Price of $9.50/kgMS, with a range of $8.50-$10.50/kgMS, while planning $1 bln of additional South Island investment over three years to expand protein manufacturing capacity and improve environmental performance.
BurgerFuel Group (BFG) reports its strongest FY26 result to date, with net profit after tax rising +91.8% to $1.97 mln, total system sales increasing +2.93% to $111.4 mln and group revenue rising +2.23% to $25.5 mln. Cash on hand increased to $6.1 mln despite $1.34 mln of investment in property, plant, equipment and technology, with the Group remaining debt-free. Trading conditions remain challenging, with fragile consumer confidence, rising beef, freight and fuel costs and geopolitical uncertainty weighing on the outlook, while Middle East system sales fell -26% in FY26 and the Group says it is not relying on Middle East revenue in FY27. BurgerFuel plans to open three new stores in New Zealand and continues investing in technology, including its online ordering platform and white-label software, while investigating further supply-chain and acquisition opportunities. No FY27 dividend will be paid, with cash being retained to support resilience, new store development and strategic investment.
Cooks Coffee Company (CCC) has appointed Louise Buet as Group Marketing Director, based in the UK, to lead marketing for its Esquires brand across the UK, Ireland, Europe, the Middle East, Pakistan and India. Buet brings 15 years of senior marketing and commercial experience across retail, hospitality and FMCG, most recently with Tim Hortons UK, where she was involved in brand strategy and growth.
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