Here are the key changes to know about in the New Zealand equity market; NZX 50 starts the new trading week softer as Serko, Oceania, Argosy and Infratil gain while Hallensteins, Scales, Fletcher Building and Summerset retreat

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 edges -0.2% lower to kick off the new week and the index remains -1.3% lower over the past five days and -2.1% over the past month. The index is still +4.5% higher over six months but only +1.2% over the past year. The market was balanced with 44 gainers compared with 40 decliners.

THE MAIN GAINERS
Serko (SKO, #49) is the strongest gainer, rising +2%, although the stock remains under significant pressure over longer periods, down -3% over five days, -23% over one month, -28% over six months and -53% year-on-year. Oceania Healthcare (OCA, #44) gains +1%, despite falling -3% over the past five trading days and -8% over one month; the stock remains +4% higher over six months and +1% year-on-year. Argosy Property (ARG, #35) adds +1%, taking its five-day decline to -1%, while it is down -3% over one month, -9% over six months and -23% year-on-year. Infratil (IFT, #4) also rises +1%, offering some relief after its recent weakness, although the stock remains -6% lower over one month while maintaining strong longer-term gains of +20% over six months and +11% year-on-year. 

THE MAIN DECLINERS
Among the decliners, Hallenstein Glassons (HLG, #34) falls -2%, trimming some of its recent gains but remaining +5% higher over five days, +22% over one month, +46% over six months and +57% year-on-year. Scales Corp (SCL, #30) also declines -2%, extending its five-day fall to -4% and one-month decline to -10%, although it remains +9% higher over six months and +12% year-on-year. Fletcher Building (FBU, #12) slips -1%, taking its one-month decline to -12%, while the stock remains +18% higher over six months and is broadly flat year-on-year. Summerset Group Holdings (SUM, #19) rounds out the leading decliners with a -1% fall, extending its five-day decline to -2% and one-month decline to -13%; the stock is down -21% over six months and -36% over the past year. 

SMARTSHARES EFTs

KEY ANNOUNCEMENTS
F&P Healthcare (FPH, #1) has agreed to sell 13 hectares of its 105-hectare Karaka Road site in Drury to Health New Zealand for $45.3 mln. Health NZ intends to use the land for a future hospital serving South Auckland’s growing population, with the site located alongside the Ngākōroa train station and State Highway 22. F&P Healthcare will retain the remaining 92 hectares for its planned second New Zealand campus, with the site’s rezoning application currently under review by Auckland Council. Settlement of the land sale is expected between March and June 2027, subject to conditions, while the transaction will be recognised as an abnormal item in the company’s income statement.

Seeka (SEK) will invest approximately $15.5 mln in a new produce hub in Gisborne after receiving approval to progress a tenancy agreement with Gisborne District Council. The development will include a new packhouse and coolstore adjacent to Seeka’s existing operations, providing additional local fruit handling, packing and storage capacity while supporting approximately five permanent positions and up to 70 seasonal and casual roles. The facility is expected to strengthen the region’s horticultural infrastructure and resilience by allowing produce to be packed and stored locally before being transported to market, while also supporting increased use of Eastland Port and regional export activity. Seeka handled approximately 2.5 million trays of SunGold kiwifruit from the Gisborne region during the 2026 season, alongside growing volumes of RubyRed kiwifruit, persimmons and citrus. The investment forms part of Seeka’s broader strategy of investing in regional infrastructure close to where crops are produced, with the company recently reporting record six-month profit, lower debt and increased full-year earnings guidance.