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 NZX 50 is set to fall -0.3% for the last day of the trading week, taking its decline over the past five trading days to -0.3% and extending its monthly loss to -0.8%. Despite the recent weakness, the benchmark remains up +6.4% over the past six months and +2.5% year-on-year. Market balance was firmly negative, with 53 decliners compared with 34 gainers.
THE MAIN GAINERS
Among the gainers, Chorus (CNU, #13) rose +2%, although it remains down -4% over the past month, -16% over six months and -11% year-on-year. Mainfreight (MFT, #7) also advanced +2%, despite falling -2% over the past five trading days, while the logistics company remains up +11% over six months and +10% year-on-year. Spark (SPK, #12) gained +2%, taking its five-day advance to +2%, although it is down -4% over the month, -8% over six months and -21% year-on-year. Gentrack (GTK, #47) rose +1%, extending its five-day gain to +10% and its monthly advance to +12%, but remains down -29% over six months and -49% year-on-year.
Chorus
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THE MAIN DECLINERS
Among the decliners, Air New Zealand (AIR, #27) fell -3%, extending its losses to -3% over five trading days, -9% over the month, -17% over six months and -38% year-on-year. Summerset Group Holdings (SUM, #20) declined -2%, taking its five-day loss to -3%, while the retirement village operator is down -14% over the month, -19% over six months and -43% year-on-year. Fletcher Building (FBU, #14) shed -2%, despite remaining up +3% over five trading days and +18% over six months, with the stock down -9% over the month but up +3% year-on-year. EBOS Group (EBO, #11) also fell -2%, although it remains up +1% over five trading days and +6% over the month; the healthcare and animal care products distributor is down -3% over six months and -27% year-on-year.
Air New Zealand
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SMARTSHARES EFTs
| 1-day | 5-day | 6-month | YTD | 1Y | |
| NZ Top 50 ETF (FNZ) | +0.1% | +0.3% | +1.1% | -5.5% | -4.6% |
| NZ Top 10 ETF (TNZ) | -0.3% | -0.1% | +8.3% | +3.5% | +4.0% |
| S/P NZX50 ETF (NZG) | +0.2% | -0.2% | +4.8% | 0.0% | +0.4% |
| NZ Dividend ETF (DIV) | +0.3% | -0.1% | -0.9% | -1.6% | -2.4% |
KEY ANNOUNCEMENTS
Kiwi Property Group (KPG, #21) has set the size of its seven-year fixed-rate senior secured green bond offer at NZ$200 million, including NZ$50 mln in oversubscriptions following a successful bookbuild. The bonds carry an interest rate of 5.62% per annum, comprising the base rate plus a margin of 1.20 percentage points, and will be issued on the 2nd of November before maturing on the 2nd of November 2033.
Gentrack (GTK, #47) will release its full-year results for the 12 months ended 30 September on Monday, the 23rd of November.
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