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 falls -0.6% for the last day of the trading week, as decliners narrowly outnumbered gainers, 41 to 38, to close the trading week on a weaker note. Despite the daily decline, the benchmark remains up +0.9% over the past month, +5.2% over six months and +3.4% year-on-year. The session saw gains among several stocks, including SkyCity Entertainment and Mainfreight, offset by continued pressure on energy and property names.
THE MAIN GAINERS
SkyCity Entertainment (SKC, #37) led the gainers, rising +4% on the day and extending its five-day gain to +3%. The casino operator is up +5% over the month and +1% over six months, although it remains down -10% year-on-year. Gentrack (GTK, #47) gained +3%, with a +1% rise over five trading days, but remains down -31% over six months and -55% year-on-year. Oceania Healthcare (OCA, #46) rose +2%, taking its five-day gain to +3%, although it remains down -6% over the month, -7% over six months and -12% year-on-year. Mainfreight (MFT, #7) also added +2%, extending its five-day gain to +4%. The logistics company is up +4% over the month, +19% over six months and +12% year-on-year, making it one of the stronger longer-term performers among the day’s leading gainers.
SKYCITY Entertainment
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THE MAIN DECLINERS
Genesis Energy (GNE, #15) was the biggest decliner, falling -2% and extending its five-day loss to -2%. The electricity generator is down -9% over the month, although it remains up +6% over six months and broadly flat year-on-year. Contact Energy (CEN, #6) also shed -2%, leaving it down -1% over the month, -9% over six months and -4% year-on-year. Chorus (CNU, #14) fell -2%, extending its five-day decline to -2%, with losses of -1% over the month, -15% over six months and -10% year-on-year. Kiwi Property Group (KPG, #22) dropped -2%, despite remaining up +4% over the month and +1% over six months. The property group is down -15% year-on-year.
Genesis Energy
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SMARTSHARES EFTs
| 1-day | 5-day | 6-month | YTD | 1Y | |
| NZ Top 50 ETF (FNZ) | +0.2% | +0.8% | +1.2% | -5.1% | -4.5% |
| NZ Top 10 ETF (TNZ) | -0.2% | +0.9% | +6.4% | +3.8% | +4.8% |
| S/P NZX50 ETF (NZG) | 0.0% | +0.3% | +3.9% | +0.4% | +0.4% |
| NZ Dividend ETF (DIV) | -0.6% | +0.2% | -1.0% | -1.0% | -1.8% |
KEY ANNOUNCEMENTS
SkyCity Entertainment Group (SKC, #37) has entered into a sale and purchase agreement to sell The Grand Hotel in Auckland to Eden Global Capital and Auckland City Collective for $221 mln. The transaction remains conditional on New Zealand Overseas Investment Office consent, with settlement expected in the second half of December 2026. SkyCity will continue operating the hotel under a transitional arrangement until 30 June 2027. The sale forms part of the company’s asset monetisation programme, with proceeds intended to reduce debt and strengthen its financial flexibility. SkyCity said the transaction would raise proceeds above its commitment to shareholders and help strengthen its balance sheet amid current market conditions.
Santana Minerals (SMI) has advanced preparations for its Bendigo-Ophir Gold Project in Central Otago, with its Fast-track Approvals process nearing a decision and a draft outcome expected in November or December 2026, ahead of a final decision scheduled for 20 January 2027. The company is targeting construction in early 2027, subject to approvals, financing and a final investment decision. Infill drilling at the Rise and Shine deposit returned high-grade gold results, including 24.4 metres at 10.9 grams per tonne and a 2-metre intercept at 89.5 grams per tonne, strengthening confidence in the planned early mining area. Santana has also launched a competitive process to secure project debt financing and progressed site infrastructure, including an operational exploration base and a commissioned water supply bore. The project has a 2.3 million-ounce indicated and inferred gold resource, while Santana ended the quarter with approximately A$180 mln in cash, or A$175 mln net of payables, to support further development work.
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