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 NZX50 IS DOING
The NZX50 starts the week down -0.6%. Over the last six-months the index is up +2.8%, up +9.0% year-on-year.
THE MAIN GAINERS
There are 50 gainers to start the week led by Investore Property (IPL, #41) up +1.7%. IPL declined -4.8% for the month, taking its year-on-year decline to -8.5%. The NZX (NZX, #44) has the next biggest gain up +1.6%. NZX took a hit over the month falling -7.3% but for the year hold strong gaining of +14%. Both Vista Group (VGL, #36) and Auckland Airport (AIA, #3) gain +1.5%. VGL are also having a strong year currently up +80.9% year-on-year. Auckland Airport on the other hand have a minor decline for the year down -7.1%.
Investore Property
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THE MAIN DECLINERS
There are 43 decliners in the NZX equity markets today. Contact Energy (CEN, #8) has the biggest decline, down -3.1%. Over the recent month Contact Energy declined -9.6% taking its year-on-year down to -3.7%. a2 Milk (ATM, #10) falls -2.6% for the day. ATM has seen a constant decline in the recent month, down -9.8% but despite the bad month, ATM gains +22.8% year-on-year. Mainfreight (MFT, #7) is down -2.4% followed by Tourism Holdings (THL, #43) down -2.1%.
Contact Energy
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SMARTSHARES EFTs
| 1-day | 5-day | 6-month | YTD | 1Y | |
| NZ Top 50 ETF (FNZ) | -1.0% | -1.4% | +3.5% | +4.0% | +8.5% |
| NZ Top 10 ETF (TNZ) | -1.0% | -1.3% | -0.3% | +1.1% | +2.1% |
| S/P NZX50 ETF (NZG) | -0.5% | -1.7% | +2.4% | +4.6% | +6.8% |
| NZ Dividend ETF (DIV) | -0.2% | -2.2% | -2.7% | -3.6% | -2.7% |
KEY ANNOUNCEMENTS
Heartland Group (HGH, #32) announced the appointment of Andrew Dixson as Chief executive officer today. Effective from the 1st of October. Read more here: CFO Andrew Dixson named Heartland Group Holdings' new CEO.
Fletcher Building (FBU, #18) announced that it is seeking to raise $700 million of new capital by way of a roughly $282 million placement, with an $418 million accelerated non-renouncable entitlement offer. Both offers are set to be fully underwritten by Jarden Partners Limited. Read more: Construction giant Fletcher Building seeks $700m to pay down debt.
As a result of this announcement, FBU is in a trading halt which is set to end prior to the market opening tomorrow on September 24, 2024.
Fletcher Building
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NZX50 Industrial Sector
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Click on the chart title to find more about this sector, including its components.
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