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 little-changed, up just +0.1. Over the last month the NZX50 declined -0.7% and year-on-year the index gained +10.9%.
THE MAIN GAINERS
There are 50 gainers in the equity market today, the biggest by Fletcher Building (FBU, #17) up +4.4%. FBU declined for the last month down -1% taking its 1Y decline to -37.6%. Hallenstein Glassons (HLG, #46) have the next biggest gain up +3.6%. The rise comes as HLG releases its annual report and full-year earnings. Oceania Healthcare
(OCA, #38) gain +2.7% for the day, and +2.7% year-on-year. Vital Healthcare (VHP, #24) gain +2.2% taking its full-year decline to -11.1%.
Fletcher Building
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THE MAIN DECLINERS
Kathmandu Brands (KMD, #50) fell -2%, down -12.5% for the month. Compared to this time last-year KMD declined a massive -41.7%. Port of Tauranga (POT, #11) are next on the list of today's decliners, down -1.5%. POT has had an impressive month gaining +10.4%. Sanford (SAN, #47) declined -1.1% for the day, -5% for the month, and -3.1% year-on-year. Finally followed by Vector (VCT, #13) down -0.8%, declining -2.6% for the year.
Kathmandu
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SMARTSHARES EFTs
| 1-day | 5-day | 6-month | YTD | 1Y | |
| NZ Top 50 ETF (FNZ) | -1.1% | -0.9% | +2.7% | +3.2% | +8.7% |
| NZ Top 10 ETF (TNZ) | -0.3% | +1.0% | -0.4% | +2.0% | +4.1% |
| S/P NZX50 ETF (NZG) | +0.1% | +0.2% | +1.6% | +4.6% | +8.2% |
| NZ Dividend ETF (DIV) | +0.5% | -0.5% | -3.8% | -3.8% | -2.2% |
KEY ANNOUNCEMENTS
Former NZX50 company Synlait Milk (SML) announced its financial results for the full-year ended on the 31st of July. It reported an after-tax profit loss of -$182.1 million. In the announcement to NZX, SML emphasised that it is taking steps to deliver a "much-needed balance sheet reset". For more, read here: 'Deleveraging' is the word as Synlait makes $182.1 mln loss
Fonterra Co-Operative Group announced in the NZX today its revised strategy set to allow the group to hone in on its high-performing ingredients and food-services to grow value for its farmer shareholders, and unit holders. The Chairman of the Group, Peter McBride, says “The Co-op exists to provide stability and manage risk on farmers’ behalf, while maximising the returns to farmers from their milk and the capital they have invested in Fonterra." Read here for more: Fonterra pledges 'significant capital return' if consumer brands sale proceeds
Hallenstein Glasson Group (HLG, #46) announced its full-year results advising a total group sales total of $435.6 million, a +6.3% increase year-on-year. The Group continued to focus in improving its products and sourcing, as well as managing operating costs where it could. The group also continued to maintain a strong balance sheet ending the year with a cash balance of $45.9 million.
Hallensteins Glassons
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Hallenstein Glassons Group (HLG, #46)
Heartland Group Holdings (HGH, #32)
NZX50 Consumer Goods Sector
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