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 up a minor +0.3%. This takes its gain to +4.1% for the month, and +7.2% over the last six-months. Year-on-year the NZX50 has gained +16.9%.
THE MAIN GAINERS
The equity market has 39 gainers, the biggest by Tourism Holdings (THL, #44) up +2.9%. THL's share price gains +19.3% for the last month hitting a four-week high at $2.15 per share. The company has declined -43.2% for the year-to-date. Infratil (IFT, #4) followed closely up +2.8%, up +6.7% over the last five-days. Infratil's share price has performed well for the year gaining +30.9%. Skellerup (SKL, #34) is next on the list with a gain of +1.9% with the NZX (NZX, #41) just behind up +1.4%.
Tourism Holdings
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THE MAIN DECLINERS
There are 43 decliners on the board today. Vista Group (VGL, #36) leads the decliners list down -2.6%. Vista's share price is currently sitting at $2.92 per share, a +110% increase year-on-year. Mercury (MCY, #5) is next on the board declining -2.2% since yesterday. Although the decline for the day, the company's share price has performed well for the financial year up +12.8% for the month alone. Spark (SPK, #9) declined -1.9% followed by Fletcher Building (FBU, #17) down -1.4%.
Vista Group
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SMARTSHARES EFTs
| 1-day | 5-day | 6-month | YTD | 1Y | |
| NZ Top 50 ETF (FNZ) | -0.3% | -0.2% | +5.1% | +4.7% | +9.9% |
| NZ Top 10 ETF (TNZ) | +0.5% | +0.8% | +5.1% | +6.2% | +14.4% |
| S/P NZX50 ETF (NZG) | +0.3% | +0.2% | +5.9% | +7.7% | +13.4% |
| NZ Dividend ETF (DIV) | +0.3% | +1.0% | +2.1% | -0.5% | +2.1% |
KEY ANNOUNCEMENTS
The results of Chorus (CNU, #12) annual shareholders meeting have released today. To read the results on the four resolutions, click here: Chorus Annual Shareholders meeting results
Infratil (IFT, #4) has announced that it intends to release its half year results for the period ending on the 30th of September on the Thursday the 14th of November. The briefing will be held on a webcast with the link on the following link: Infratil HY results webcast
Goodman Property Trust (GMT, #15) also announced the release date of its recent half-year results ending on the 30th of September of the 13th of November. This will also be done on a webcast, found by using the following link: GMT HY results webcast
Skellerup (SKL, #34) has provided guidance on its full-year results today. Chair of the company, John Strowger provided the following commentary for the guidance: “FY25 has started very well, despite a still challenging environment for global business. Q1 earnings were up more than 20%, and whilst this compares to a weak prior comparative period, reflects the drive of the team and quality of our business. The Industrial Division continues to perform well, with sales growth across the range of important applications we service. The Agri Division result has reverted to a more normal seasonal pattern with stronger sales of dairy rubberware in international markets compared to the prior period which suffered from customer destocking activity. Lower footwear sales, impacted by the economic conditions in New Zealand have partially eroded the improvement."
"Notwithstanding the strong start to FY25, the current global economic conditions and political risks make forecasting future results more difficult. However, based on year-to-date results, expectations of customer demand and no significant change in trading conditions, we expect FY25 net profit after tax to be in the range of $52 to $57 million. We continue to focus on executing current business well, alongside investing in capability and initiatives to improve returns, capture opportunities for new business and mitigate market risks.”
Channel Infrastructure (CHI, #37) announced an appointment by the board for Angela Bull as a Director of the company. Angela Bull is an experienced director and former CEO having worked in large scale commercial land use developments and property and infrastructure development. Bull has also held a numerous amount of different roles including senior roles at Foodstuffs, CEO of Tramco Group Ltd, and investment property management for land portfolio's including the Viaduct Harbour. Chair of CHI James Miller said "We are delighted to welcome Angela to Channel Infrastructure, where she strengthens our Board with deep experience in commercial land use development as well as bringing her governance experience. Her extensive legal, commercial and land development background will be an asset to us as we seek to develop Marsden Point as the energy precinct for New Zealand, with a strong focus on maximising the use of our unique and valuable land and infrastructure, a key focus for our Board."
NZX50 Property Sector
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