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 minor decline of -0.4% since yesterday. It has gained +9.1% for the year-to-date, and +14.4% for the last full-year.
THE MAIN GAINERS
The 44 gainers on the market are led by Gentrack (GTK, #27) who have surged +8.2% today. GTK as widely known by kiwi investors have continued to go strength to strength since joining the NZX50 in the last quarter of 2023. The company's share price has jumped +70.3% in the year-to-date extending its full-year gain to +117%. Tourism Holdings (THL, #45) have the next biggest gain up +3.4% with a big decline of -52.1% since the start of the year. Argosy Property (ARG, #33) is next on the list up +1.4% followed closely by Vital Healthcare (VHP, #24) up +1.3%.
Tourism Holdings
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THE MAIN DECLINERS
a2 Milk (ATM, #10) is back on the list of decliners today, leading the total 39 companies down. ATM declined -2.7% which has had little effect to the company's strong performances as of recent with a +15.7% gain for the month, and a +52.8% for the year-to-date. Kathmandu Brands (KMD, #50) fell -2.1%. Kathmandu's share price has continued to drop as the year goes on down -8.7% for the month, and -41.4% for the year. Next on the list is Heartland Group holdings (HGH, #32) down -1.9% followed by Turners Automotive (TRA, #44) down -1.7%.
A2 Milk
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SMARTSHARES EFTs
| 1-day | 5-day | 6-month | YTD | 1Y | |
| NZ Top 50 ETF (FNZ) | -0.7% | -0.7% | +6.6% | +5.5% | +11.9% |
| NZ Top 10 ETF (TNZ) | -0.03% | -0.03% | +6.1% | +5.4% | +8.3% |
| S/P NZX50 ETF (NZG) | -0.6% | -0.04% | +7.0% | +7.4% | +11.6% |
| NZ Dividend ETF (DIV) | -0.5% | -0.4% | +2.2% | -1.3% | +0.4% |
KEY ANNOUNCEMENTS
SkyCity Entertainment (SKC, #28) announced to the NZX that the High Court of Australia has delivered its judgement on the SkyCity Adelaide Pty Limited's appeal of the South Australian Court of Appeal's judgement in regards to its interpretation of provisions in the casino duty of agreement between SKC Adelaide and the Treasurer of the South Australian agreement which impacts the treatment of loyalty point conversion to gaming machine play. The High Court confirmed that the Court of Appeal's interpretation of the agreement finds that credits on gaming machines from loyalty point conversions are to be included in gaming revenues which is set for the purpose of 'calculating casino duties' at SKC Adelaide. As a result of the appeal, SKC Adelaide is now obliged to pay additional casino duty of A$10.3 million to January 2024, in addition to A$2.8 million of additional casino duty as a consequence of the court of appeals judgement.
Kathmandu Brands (KMD, #50) announced that its RipCurl CEo has reigned. Brooke Farris has given notice of her resignation today, where she spent over 14 years at the company including three of those years as CEO. KMD Group CEO Michael Daly said, “Brooke has been dedicated to the success of Rip Curl for 14 years. As CEO, she has achieved record sales and grown the women’s business significantly. Brooke leaves Rip Curl well positioned for its next phase. We wish her all the very best.”
Tower is set to join the NZX50. S&P Dow Jones announcer that Tower Limited (TWR) will be added to the NZX50 prior to the market opening on the 22nd of October. Chair of the company, Michael Stiassny says “Tower’s inclusion in the indices is a positive milestone and proud day for the Company. It is symbolic of the significant work undertaken over many years to successfully reposition Tower.”
NZX50 Consumer Goods Sector
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