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 has a small gain of +0.1% today. Over the last five-days it is down -2.2% and for the year up +8.2%.
THE MAIN GAINERS
There are 42 gainers in the market today. Tourism Holdings (THL, #43) has the biggest gain up +3.9%. Over the last month the company slumped -9.6% extending its year-on-year decline to -48.5%. Serko (SKO, #45) gain +2.7% from yesterday where they hit a two-month low. SKO are down on all fronts in the short-term declining -14.4% for the month and -27.5% year-on-year. Vulcan Steel (VSL, #29) are up +2.1% followed by Argosy Property (ARG, #34) up +1.9%.
Tourism Holdings
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THE MAIN DECLINERS
There are 46 decliners led by Turners Automotive Group (TRA, #46) down -2.8%. TRA are up +3.7% for the month, and after their recent investment into MyAutoShop will hope to finish the last quarter strong, currently TRA gain +19.9% for the year. Infratil (IFT, #4) fall -2.1%, taking its monthly gain to +9.1%. IFT gain +16.6% year-on-year. Oceania Healthcare (OCA, #38) is down -1.3% followed by Sky TV (SKT, #50) down -1.1%.
Infratil
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SMARTSHARES EFTs
| 1-day | 5-day | 6-month | YTD | 1Y | |
| NZ Top 50 ETF (FNZ) | -0.3% | -3.0% | +2.7% | +3.2% | +7.7% |
| NZ Top 10 ETF (TNZ) | +0.4% | -2.4% | -0.8% | +0.5% | +1.6% |
| S/P NZX50 ETF (NZG) | -0.3% | -3.0% | +1.3% | +3.4% | +5.6% |
| NZ Dividend ETF (DIV) | +0.8% | -2.2% | -3.1% | -3.9% | -3.1% |
KEY ANNOUNCEMENTS
Fonterra has increased its milk price forecast for the current year to $9. This increase comes as the company releases its annual report. CEO Miles Hurrell commented on the announcements today saying "We’ve maintained the positive momentum seen in FY23 and delivered earnings at the top end of our forecast range. Our total dividend of 55 cents per share is the second largest since Fonterra was formed. It includes a 15 cent interim dividend and a 25 cent final dividend driven by strong FY24 earnings." Read more here: Fonterra boosts milk price forecast and pays 55c dividend.
Kathmandu Brands (KMD, #48) released its annual report today. Group sales fell -11.2% down to $979 million along with its underlying operating expenses down -3.6%. The Groups Net working capital slumped to $198 million, -$24.1 million lower year-on-year. Group CEO and Managing Director Michael Daly commented on KMD's results "We continued to experience the effects of weakness in consumer sentiment. Sales were 11.2% below last year’s record result; and decreased for all three of our brands. Following Kathmandu’s disappointing first half result, sales trends relative to FY23 improved through the third and fourth quarters, with enhanced in-store and online execution and the launch of new products."
Kathmandu
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ANNUAL REPORT ANNOUNCEMENTS
Kathmandu Brands (KMD, #48)
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