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 fell -0.2%, extending its five-day decline to -1.2% and leaving the benchmark -1.9% lower over the past month. The index remains +4.7% higher over six months and but only +1.1% over the past year. The market balance is stuck negative, with 34 gainers compared to 46 decliners.
THE MAIN GAINERS
Serko (SKO, #49) is the strongest gainer, rising +2%, although the stock remains under significant pressure over longer periods, falling -7% over five days, -24% over one month, -29% over six months and -55% year-on-year. Tower (TWR, #38) gains +1%, extending its five-day gain to +4% and one-month gain to +7%, while it is +6% higher over six months but remains -18% year-on-year. Briscoe Group (BGP, #32) also rises +1%, taking its five-day performance to +2%, although it remains -14% lower over the past year. Channel Infrastructure (CHI, #23) rounds out the leading gainers with a +1% rise, extending its five-day gain to +4% and leaving it +1% higher over one month and +18% over six months, although it remains -32% year-on-year.
Serko
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THE MAIN DECLINERS
Tourism Holdings (THL, #41) is the weakest performer, falling -3% and extending its five-day decline to -4% and one-month decline to -3%. Despite the recent weakness, the stock remains +31% higher over six months and broadly flat year-on-year. Oceania Healthcare (OCA, #44) falls -2%, taking its five-day decline to -6% and one-month decline to -11%, while it remains +1% higher over six months and -3% year-on-year. Argosy Property (ARG, #35) also declines -2%, leaving it -3% lower over five days, -5% over one month, -11% over six months and -25% year-on-year. Hallenstein Glassons (HLG, #34) rounds out the leading decliners with a -2% fall, trimming its five-day performance to -1%, although the stock continues to show strong longer-term momentum at +19% over one month, +43% over six months and +55% year-on-year.
Tourism Holdings
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SMARTSHARES EFTs
| 1-day | 5-day | 6-month | YTD | 1Y | |
| NZ Top 50 ETF (FNZ) | -0.1% | -1.1% | +0.5% | -5.7% | -6.3% |
| NZ Top 10 ETF (TNZ) | +0.2% | -0.7% | +5.4% | +2.8% | +2.8% |
| S/P NZX50 ETF (NZG) | -0.2% | -1.2% | +3.3% | -0.6% | -1.0% |
| NZ Dividend ETF (DIV) | -0.6% | -0.6% | +0.5% | -1.9% | -4.1% |
KEY ANNOUNCEMENTS
Infratil (IFT, #4) says CDC’s independent valuation was broadly flat at A$18.45 bln as at 30 September, down A$78 mln from A$18.53 bln at 30 June. Continued progress in customer contracting and development of CDC’s capacity pipeline was offset by a material increase in the forward yield curve, which lifted assumed interest costs over the forecast period. The assessed valuation range is A$17.4 bln to A$19.6 bln, with Infratil’s 49.69% interest valued at A$9.17 bln, down A$45 mln from A$9.21 bln at June.
Cooks Coffee Company (CCC) has provided a £128,450 loan to CCC Employee Share Trust Limited to fund the acquisition of 3.67 million Cooks ordinary shares for the company’s Employee Share Scheme. The financial assistance is being provided as an advance to the Trust, which acts as the sole corporate trustee, with the shares acquired for a consideration of £128,450.
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