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 little changed today, therefore gaining +1.7% over the last five-days. For the month the index has only gained +0.5% but from this time last year it is up +14.1%.
THE MAIN GAINERS
There are 31 gainers in the equity market today. The biggest gain by Vista Group (VGL, #36) with a gain of +2.6%. VGL is a cent short of its 4-year high at $3.12 per share. It has gained +12.3% in the last month alone, and +119% for the year. Tourism Holdings (THL, #45) gained +2.3% since yesterday, but is down -9.6% for the month. For the year-to-date THL's share price has declined -52.6%. NZX50 number one, Fisher and Paykel Healthcare (FPH, #1) gained +1.6% followed by NZX (NZX, #42) up +0.7%.
Vista Group
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THE MAIN DECLINERS
There are 45 decliners today. Serko (SKO, #49) has the biggest decline down -3.5%. SKO declines across the board down -12.7% for the month, and -35.3% for the year. a2 Milk (ATM, #10) and Stride Property Group (SPG, #35) fall -1.4%. ATM has gained +18.6% for the last month, up +56.6% for the year-to-date whereas Stride property have declined, down -2.8% for the month, and -4.2% for the year-to-date. Air New Zealand (AIR, #20) declined -0.9% and is currently at a slump of -23.6% for the full-year.
Serko
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SMARTSHARES EFTs
| 1-day | 5-day | 6-month | YTD | 1Y | |
| NZ Top 50 ETF (FNZ) | -0.1% | +1.1% | +4.9% | +4.9% | +7.8% |
| NZ Top 10 ETF (TNZ) | -0.2% | +1.7% | +6.0% | +5.4% | +11.7% |
| S/P NZX50 ETF (NZG) | +0.2% | +1.6% | +6.6% | +8.0% | +12.2% |
| NZ Dividend ETF (DIV) | +0.2% | +1.1% | +1.7% | -0.9% | +0.8% |
KEY ANNOUNCEMENTS
Meridian Energy (MEL, #2) have released its monthly operating report for September. In the month to the 7th of October the national hydro storage increased from 99% to 11% of historical average. MEL's September total inflows were 223% of historical average, and the national electricity demand for the month declined -5.2% in comparison to September of 2023. To read the full operating report click here: Meridian Energy September Operating Report
The Warehouse Group (WHS, #46) announced that independent non-executive director Tony Balfour will not be seeking re-election at its next Annual shareholders meeting held on the 22nd of November. Chair of the Group, Dame Joan Withers commented: “Tony has brought extensive global retail, marketing and e-commerce capability as well as strong ESG credentials to his role as a director. His unwavering customer focus, exceptional leadership, and dedication to our team - especially in his role as Chair of the People and Remuneration Committee - have truly set him apart,”
Vista Group (VGL, #36) announced that they received a letter from Fisher Funds (the second largest shareholder of VGL) with the following statement:
“We remain supportive of the current Vista Board and company strategy. With respect to the request for a special meeting, we intend to vote against all four resolutions put forward by Potentia. To be clear, we do not support the appointment of Amitesh Chand and Peter James as directors, nor do we support the removal of current directors Susan Peterson and Kirk Senior.”
NZX50 Energy Sector
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Click on the chart title to find more about this sector, including its components.
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