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, maybe up +0.1%, and will end the last five days down -0.6%. The index is up for the recent month with a gain of +1.4%, and up +8.8% for the year-to-date.
THE MAIN GAINERS
Gentrack (GTK, #27) leads the 37 gainers on the board for the last day of the trading week. GTK has gained +4.4% from yesterday ending the week +0.6%. The company is up a huge +65% for the year-to-date. Spark (SPK, #9) has the next biggest gain up +2.4%, staying up for the week at +0.4%. This will have little effect due to the company's share price in the constant decline, over the past six-months its share price fell -34.4%, down -40.7% for the year-to-date. Manawa Energy (MNW, 22) is up +1.7% followed by Argosy Property (ARG, #33) up +1.4%.
Spark
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THE MAIN DECLINERS
With 47 decliners in the equity market, a2 Milk (ATM, #10) declines by the most down -1.7%. ATM finishes the week down -7.5% but gains well for the recent month up +14.5%. For the last year ATM's share price has gained +45.3%. Scales Corp (SCL, #40) closely followed down -1.6% ending the week down -1.1%. Year-on-year the company shas a +17.5% gain. Port of Tauranga (POT, #11) declined 1.5% followed by SkyCity Entertainment (SKC, #28) who are back, yet again. SKC's share price declined -0.7%.
A2 Milk
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SMARTSHARES EFTs
| 1-day | 5-day | 6-month | YTD | 1Y | |
| NZ Top 50 ETF (FNZ) | +0.8% | +0.2% | +6.3% | +5.8% | +11.5% |
| NZ Top 10 ETF (TNZ) | -0.1% | -0.3% | +5.4% | +4.7% | +7.6% |
| S/P NZX50 ETF (NZG) | +1.0% | +0.1% | +7.3% | +7.7% | +11.4% |
| NZ Dividend ETF (DIV) | -0.1% | -0.1% | +2.2% | -1.3% | -0.4% |
KEY ANNOUNCEMENTS
Precinct Properties (PCT, #19) announced that they are issuing a new five-year $75 million wholesale green bond issue. The $75 million fixed rate secured unsubordinated green bonds will be issued to investors on the 24th of October 2024, and will pay a fixed interest rate of 5.42% p.a. ANZ Bank is the lead manager for this transaction.
Fletcher Building (FBU, #17) announced that its Chief People and Communications officer, Claire Carroll, has given notice of her resignation. The search for her replacement has begun. Managing Director and CEO, Andrew Reding, said “Claire has been with Fletcher Building for over 11 years and has held the role on the Executive Team of Chief People and Communications Officer since 2018. “Over the course of her tenure, she has played a key role in improving engagement levels across the Group through a focus on leadership development, the nurturing of internal talent and diversity & inclusion strategies, with great strides made in gender balance.
NZX50 Property Sector
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Click on the chart title to find more about this sector, including its components.
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