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 opened the week with a modest gain of 0.1%. Over the past month, the index has risen by 2.9%, contributing to a six-month gain of 7.3%. Year-on-year the NZX50 has gained +19%.
THE MAIN GAINERS
Today, the NZ equity market sees 44 gainers, led by Serko (SKO), which experienced a sharp increase of 12.9%. Year-to-date, its share price has risen by 9%, and over the past year, it has gained 19%, reaching $3.24 per share—a four-week high for the company. Infratil (IFT) follows with a gain of 1.7%. Over the past six months, its share price has jumped 17.6%, boosting its year-on-year gain to 31.4%. a2 Milk (ATM) also posted a solid performance, gaining 1.4% today and marking a remarkable 53.9% increase over the past year. Kathmandu Brands (KMD) saw a gain of 1.1%. However, despite today’s uptick, the company has faced challenges, with a year-on-year decline of 45.2% in its share price.
Serko
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THE MAIN DECLINERS
The market is currently seeing 41 decliners. Tourism Holdings (THL) leads the way with a decline of -3.3%. Despite a recent five-day surge of 6.7%, the company's share price is down 38.2% year-on-year. Heartland Group Holdings (HGH) follows with a drop of 1.9%, bringing its year-to-date decline to 32.9%. Gentrack (GTK) experienced a slight decrease of 1.8% today. However, the company has shown strong performance over the past six months, gaining 21.4% and an impressive 105.4% year-on-year. Lastly, EBOS Group (EBO) saw a decline of 1.5%. Over the past year, the stock has remained relatively stable, with a modest increase of 7.4%.
Tourism Holdings
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SMARTSHARES EFTs
| 1-day | 5-day | 6-month | YTD | 1Y | |
| NZ Top 50 ETF (FNZ) | -0.3% | -1.1% | +5.4% | +4.7% | +12.3% |
| NZ Top 10 ETF (TNZ) | -0.1% | -0.3% | +4.5% | +6.1% | +16.2% |
| S/P NZX50 ETF (NZG) | +0.4% | -0.2% | +6.1% | +7.9% | +16.2% |
| NZ Dividend ETF (DIV) | -0.1% | -0.5% | +3.9% | -0.5% | +4.8% |
KEY ANNOUNCEMENTS
Fonterra Co-operative Group has launched a retail bond offer of up to NZ$250 million in unsubordinated, unsecured fixed-rate bonds with a term of five years. The offer, which allows for oversubscriptions of up to NZ$100 million at Fonterra's discretion, opened today. The current indicative margin range is set at 0.85 to 0.95 per annum, and the offer is expected to close on November 1, 2024, following the completion of its bookbuild process.
Serko (SKO) has announced its unaudited financial results for the six-month period ending September 30. The company reported total income of NZ$42.7 million, reflecting an 18% increase compared to 1H24. CEO and co-founder Darrin Grafton remarked, “Our first half result demonstrates our ability to deliver on our commitments and achieve our goals. Total income growth accelerated in the second quarter, driven by increased customer acquisition and higher volumes in unmanaged travel.” He highlighted the positive performance of Booking.com for Business, noting that completed room nights reached 1.6 million, a 17% increase on 1H24 and a 29% increase on 2H24. Average revenue per completed room night was €10.00 (NZ$18.08), down 1% on 1H24 but up 7% on 2H24.
Additionally, Vital Healthcare Property (VHP) and Tourism Holdings (THL) have released their FY24 climate statements. To read the full reports, please follow the link provided.
Vital Healthcare Climate report
Tourism Holdings Climate report
NZX50 Healthcare Sector
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