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 is down -0.2% since yesterday. Over the last six-months the index has gained +2.6% taking the year-on-year gain to +8.8%.
THE MAIN GAINERS
There are 36 gainers today. Gentrack (GTK, #27) have the biggest gain up +2.7%. GTK have had an extremely successful run since joining the NZX50, over the last month alone the group gains +12%, followed by a massive gain of +143.5% year-on-year. Fletcher Building (FBU, #18) in amongst the announcement of their capital raise are next with a gain of +1.7% dropping -6% over the month. FBU are down -36.9% for the year. Contact Energy (CEN, #8) gained +1.4%. The energy genretailer has fallen -7.7% this month, down -2.1% year-on-year. Followed by Argosy Property (ARG, #34) up +0.9%.
Fletcher Building
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THE MAIN DECLINERS
There are 43 decliners in the NZX equity markets today. Vista Group (VGL, #36) declined -3.5% although over the year gained a huge +83%. Goodman Property (GMT, #14) are back on the decliners list down a further -2.8% taking the group's 1Y decline to -4.4%. Hallenstein Glassons (HLG, #47) and Fisher and Paykel (FPH, #1) both decline -1.8% for the day. HLG have decreased -3.8% for the month, holding on to a yearly gain of +5.9%. FPH continue to perform this year as they sit at the number one spot on the NZX50, over the last year it has gained +62.3%.
Vista Group
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SMARTSHARES EFTs
| 1-day | 5-day | 6-month | YTD | 1Y | |
| NZ Top 50 ETF (FNZ) | -0.7% | -2.0% | +3.5% | +4.1% | +8.5% |
| NZ Top 10 ETF (TNZ) | -0.3% | -1.7% | -0.4% | +1.0% | +2.0% |
| S/P NZX50 ETF (NZG) | -0.4% | -2.1% | +1.9% | +4.0% | +6.2% |
| NZ Dividend ETF (DIV) | -0.1% | -2.5% | -3.3% | -4.1% | -3.3% |
KEY ANNOUNCEMENTS
Fletcher Building (FBU, #18) announced that it has successfully completed the institutional entitlement offer component of its NZ$418 million underwritten entitlement offer and its NZ$282 million underwritten placement. Both the placement and the institutional entitlement offer closed today and raised gross proceeds of roughly NZ$593 million. Eligible shareholders elected to take up 91% of the institutional entitlement offer. FBU's Director, and incoming CEO and Managing Director commented saying "We are very pleased with the success of the Institutional Offer, and the strong support shown by investors. The capital raise will strengthen Fletcher Building’s balance sheet, and improve financial resilience in the current environment.”
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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