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 opens the week down a minor -0.2%. Over the last month it has gained +3.2%, and year-on-year it sits at +16.8%.
THE MAIN GAINERS
There are 38 gainers for the first day of the trading week. Tourism Holdings (THL, #45) gained +2.7% today. Over the last six-month period the company has declined -35.4%, down -50.5% for the year-to-date. Vital Healthcare (VHP, #24) has the next biggest gain up +2.3%, down -3.9% year-on-year. Vulcan Steel (VSL, #26) gains +2.1% taking its monthly gain to +7.6%. VSL has gained +11.8% year-on-year followed by Fisher and Paykel Healthcare (FPH, #1) who gain +1%.
Tourism Holdings
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THE MAIN DECLINERS
The equity market has 45 decliners, the biggest by Vista Group (VGL, #36) down -3.6%. VGL's share price is positive across all the other fronts up +3.1% for the month, and a huge +112.1% year-on-year. Next is Channel Infrastructure (CHI, #37) down -2.7%. CHI's share price performance is also contrary to today's decline with big gains for the short to medium term. CHI gained +18.2% for the last six-months, and +26.4% for the year-to-date. Kiwi Property Group (KPG, #23) dropped -2.5% but gained +17.5% year-on-year followed by Spark (SPK, #9) down -1.8%.
Vista Group
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SMARTSHARES EFTs
| 1-day | 5-day | 6-month | YTD | 1Y | |
| NZ Top 50 ETF (FNZ) | -0.1% | +0.1% | +5.8% | +5.1% | +10.3% |
| NZ Top 10 ETF (TNZ) | +0.9% | +0.1% | +5.8% | +5.1% | +10.3% |
| S/P NZX50 ETF (NZG) | -0.03% | +0.4% | +7.6% | +8.0% | +13.7% |
| NZ Dividend ETF (DIV) | +0.3+% | +0.5% | +2.6% | -0.9% | +1.7% |
KEY ANNOUNCEMENTS
Genesis Energy (GNE, #18) released its FY25 Q1 performance report. Its Huntly Portfolio produced a thermal generation of 1,281GWh, up 52% on the prior comparable period. Chief Executive Malcolm Johns commented: “The winter period demonstrated that the Huntly Portfolio is critical to New Zealand’s energy security and the broader New Zealand economy. Now is the time for us to be working with the sector on long term energy flexibility and security products to ensure the potential for energy shortages is effectively managed. Genesis is fully focused on our part in this.” To read the report in full, follow here: Genesis Energy Operating Report
Synlait Milk (SML) announced the resignation of its Chief Executive Officer Grant Watson. Watson started his role as CEO in January of 2022. Chair George Adams commented: “Recent months have seen a long list of urgent challenges for Synlait, and Grant’s ably led the team through them. His achievements are extensive and notably include our balance sheet's recent, successful reset.” The Board commenced a global recruitment process and in the interim Dairyworks CEO Tim Carter has been appointed acting CEO.
Vector (VCT, #12) also released its operational report today with the current highlights mentioned:
- 626,636 electricity network connections, up 1.6% on September 2023
- 120,556 gas network connections, up 0.6% on September 2023
- Liquigas LPG tolling for the quarter was 29,164 tonnes, up 1.4% on the prior September quarter
Click here to read in full: Vector Operational Report
Tower (TWR) received notice that the commissioner of the IRD is satisfied that no part of Tower's proposed NZ$45 million mandatory capital return by the way of share buyback is in lieu of the payment of a dividend. This capital return is conditional on the shareholders approval at Tower's annual shareholder meeting in early 2025.
NZX50 Energy Sector
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