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 up +0.5% today so far, although remains down -0.9% over the past month. It has gained +5.9% over the past six months and +2.4% over the past year. Market breadth was slightly negative, with 31 decliners compared with 30 gainers.
THE MAIN GAINERS
Among the gainers, Ebos Group (EBO, #11) rose +6%, followed by Vulcan Steel (VSL, #30), which gained +5%. Fletcher Building (FBU, #14) advanced +4%, while Mainfreight (MFT, #7) climbed +2%. Despite the daily gains, Ebos remains down -5% over six months and -26% over the year, while Vista Group has gained +11% over six months but remains -17% lower year-on-year.
EBOS Group
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THE MAIN DECLINERS
Among the decliners, Gentrack (GTK, #47) fell -5%, despite gaining +3% over the past five trading days. Vista Group (VGL, #40) declined -3%, although it remains up +48% over six months. Infratil (IFT, #4) and Channel Infrastructure (CHI, #25) both fell -2%. Infratil is down -8% over five trading days, while Channel Infrastructure remains up +26% year-on-year.
Gentrack
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SMARTSHARES EFTs
| 1-day | 5-day | 6-month | YTD | 1Y | |
| NZ Top 50 ETF (FNZ) | +1.1% | -0.5% | +1.6% | -5.6% | -4.9% |
| NZ Top 10 ETF (TNZ) | -0.3% | -1.9% | +6.7% | +2.4% | +3.5% |
| S/P NZX50 ETF (NZG) | +0.8% | -0.5% | +5.1% | -0.1% | +0.3% |
| NZ Dividend ETF (DIV) | +0.4% | -1.5% | -0.5% | -2.0% | -2.8% |
KEY ANNOUNCEMENTS
Air New Zealand (AIR, #27) carried 4.16 million passengers in the September 2026 quarter, down 1.0% year-on-year, as capacity fell 2.1% amid elevated jet fuel prices. The group’s load factor rose 1.8 percentage points to 84.8%, while year-to-date underlying revenue per available seat kilometre increased 12.7%, supported by higher fares and capacity management. Domestic passenger numbers fell 2.7%, while short-haul passengers increased 3.7% and long-haul passengers declined 2.3%. Long-haul capacity fell 5.4%, reflecting fewer Los Angeles flights and a shift to smaller, more fuel-efficient aircraft.
Napier Port (NPH, #37) will release its financial results for the year ended 30 September on the morning of Wednesday, the 18th of November. Chair Blair O’Keeffe, Chief Executive Todd Dawson and Chief Financial Officer Kristen Lie will discuss the results during a conference call at 11am NZT.
Vector (VCT, #10) reported a +1.6% year-on-year increase in Auckland electricity network connections to 644,577 in the September 2026 quarter, with new connections up +8.8% to 3,478 and electricity distributed volumes rising +1.3% to 2,491 GWh. Residential electricity volumes increased +2.3%, partly reflecting colder winter temperatures, while business volumes rose +0.2%. Gas network connections fell -0.6% year-on-year, with new connections down -18.9% and distribution volumes declining -2.8% amid weaker industrial and commercial demand. Unplanned outage minutes more than halved compared with the prior period, supported by favourable weather and reliability improvements, while planned outage minutes increased but remained within regulatory thresholds.
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