Here are the key changes to know about in the New Zealand equity market; NZX 50 drops -0.3% despite gains for Vector, The NZX, Investore and Stride while Oceania, Serko, Infratil and Vista Group lead the decliners

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 currently down -0.3% despite the benchmark staying +1.1% higher over the past month, +5.3% over six months and +3.3% year-on-year. There were 50 decliners outnumbering 38 gainers, pointing to broad selling pressure across the market. 

THE MAIN GAINERS
Vector (VCT, #10) leads the gainers, rising +3% and extending its five-day gain to +1%. The stock is +3% higher over one month, although it remains down -4% over six months and -1% year-on-year. The NZX (NZX, #45) advances +2%, taking its five-day gain to +3% and leaving it +6% higher over six months, while remaining -1% lower year-on-year. Investore Property (IPL, #48) also rises +2%, although it remains down -1% over five days, -1% over one month, -7% over six months and -19% year-on-year. Stride Property Group (SPG, #42) gains +2%, providing a lift on the day despite remaining down -9% over six months and -26% year-on-year. 

THE MAIN DECLINERS
Oceania Healthcare (OCA, #46) and Serko (SKO, #49) are the weakest performers, both falling -4%. Oceania is down -9% over one month, -11% over six months and -13% year-on-year. Serko’s decline extends its five-day loss to -10%, with the stock down -16% over one month, -41% over six months and -62% year-on-year. Infratil (IFT, #4) falls -2%, extending its five-day decline to -2% and one-month decline to -8%, although it remains +9% higher over six months and +8% year-on-year. Vista Group (VGL, #39) also slips -2%, taking its five-day decline to -3%. Despite the recent weakness, the stock remains +44% higher over six months, although it is down -7% year-on-year. 

SMARTSHARES EFTs

KEY ANNOUNCEMENTS
Promisia Healthcare (PHL) maintained group-wide care occupancy at 96% in September, remaining above its minimum 95% target and reaffirming FY27 underlying EBITDAF guidance of at least $8.0 mln, excluding its latest acquisition. Occupancy was particularly strong at its Feilding facilities, with Ranfurly Manor at 99% and Nelson Street at 100%, while Aldwins House in Christchurch recorded 97%. Cromwell facilities Golden View and Ripponburn experienced softer occupancy following winter illness, at 95% and 79% respectively, but both have begun recovering. Promisia completed its acquisition of Chatswood Retirement Village in Christchurch on 1 October, expanding its portfolio to six communities and strengthening its presence in the city. The company is also exploring an accelerated acquisition of Golden View Village, potentially bringing forward full ownership from August 2028 to March 2027, subject to securing funding. Promisia expects to release its HY27 interim results in mid-November, including updated FY27 guidance incorporating Chatswood.

Mercury Energy (MCY, #5) reported a strong first-quarter FY27 performance, with trading margin rising +19% year-on-year to $445 mln, an increase of $70 mln, despite Waikato hydro inflows falling to the second percentile from the 71st percentile a year earlier. Generation totalled 2,526GWh, with an additional 307GWh from wind and geothermal sources offsetting a 332GWh decline in hydro generation. Mercury also reached full generation at Kaiwera Downs Stage 2, completing its $486 mln expansion in two years and adding 155MW of capacity across 36 turbines. All 12 turbines at Kaiwaikawe Wind Farm are now installed, with generation having commenced in July, while construction at Puke Kapo Hau Wind Farm is expected to begin in November 2026. The company expects FY27 sustaining, investing and betterment (SIB) capital expenditure of around $150 mln and growth capital expenditure of $300 mln to $400 mln. Mercury reaffirmed that it remains on track to meet its FY27 EBITDAF guidance, supported by its diversified generation portfolio and continued renewable investment programme.

Fletcher Building (FBU, #13) reported a solid start to FY27, with first-quarter sales volumes ahead of the prior corresponding period in most core business units. Volumes largely followed normal seasonal patterns, although pipelines volumes declined as customers worked through inventory purchased ahead of Q4 FY26 price increases. Residential & Development remains challenging, particularly in Auckland, with the division expected to make a minimal contribution to first-half earnings. Fletcher Building said the outlook remains uncertain, with inflation and interest rate uncertainty affecting the timing and commencement of new residential and commercial projects.

Infratil (IFT, #4) will release its HY27 interim results for the six months ended 30 September on Wednesday, the 18th of November.