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 NZX 50 Index declined by -0.6% since yesterday’s close, bringing its five-day movement to a cumulative loss of -0.8%. On a monthly basis, the index has advanced +2.3%, resulting in a year-to-date gain of +8.3% and a 12-month increase of +18.3%.
THE MAIN GAINERS
Currently, there are 39 gainers in the equity market. Leading the gains is Serko Limited (SKO, #48), holding this position for the second consecutive day with a +3.0% increase today. Over the past five days, Serko has surged by +15.6%, marking a strong short-term performance. However, the company remains down year-on-year, with a -15.2% decline. Freightways Group (FRW, #21) follows, posting a +2.9% gain today, boosting its year-on-year performance to an impressive +43%. Mercury Energy (MCY, #5) rose +2.7% on the day, though it has seen a -4% dip over the past five days. Nonetheless, Mercury is up +3% over the last six months and +14.7% year-on-year. Rounding out the top gainers is Kiwi Property Group (KPG, #23), which added +1.9% today, contributing to its six-month gain of +18.2% and a year-on-year increase of +19.7%.
Serko
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THE MAIN DECLINERS
Kathmandu Brands (KMD, #50) led the day among 57 companies declining in the equity market, with its share price falling by -4.3% today, extending its five-day loss to -5.3%. The company has dropped -9.2% over the past month, and is down significantly year-on-year by -46.4%. Stride Property Group (SPG, #35) declined -2.1% today but recorded a five-day increase of +4.4%. Over the last six months, Stride gained +13.6%, bringing its year-on-year performance to a +9.2% increase. Hallenstein Glassons (HLG, #44) saw a daily decline of -1.7%, though it has gained +15.6% over the past month, with a +28.3% rise year-on-year. Finally, Heartland Group Holdings (HGH, #33) fell -1.4% today and remains down -33% year-on-year.
Kathmandu
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SMARTSHARES EFTs
| 1-day | 5-day | 6-month | YTD | 1Y | |
| NZ Top 50 ETF (FNZ) | -0.03% | -5.3% | +5.2% | +4.9% | +12.5% |
| NZ Top 10 ETF (TNZ) | -2.1% | +4.4% | +4.6% | +5.6% | +15.7% |
| S/P NZX50 ETF (NZG) | -1.4% | -2.3% | +5.4% | +7.2% | +15.4% |
| NZ Dividend ETF (DIV) | -1.7% | 0% | +3.5% | 0% | +5.4% |
KEY ANNOUNCEMENTS
Spark (SPK, #9) announced adjustments to its FY25 financial guidance, specifically lowering its EBITDAI, capital expenditure (capex), and dividend forecasts. The EBITDAI guidance range has been revised from $1,165–$1,220 million to $1,120–$1,180 million. Capex guidance was adjusted from approximately $460–$480 million to ~$415–$435 million. Dividend guidance was reduced from 27.5 cents per share to 25 cents per share, with 75% imputation. Spark Chair Justine Smyth commented, “The Board and Management acknowledge that our current financial performance falls short of what is acceptable, and we understand the disappointment our shareholders will be feeling. The challenges we are facing are both cyclical and structural. Weak business investment and consumer spending continue to curtail growth and squeeze margins. At the same time, we are undertaking a significant transformation of our Enterprise and Government division to address structural segment challenges."
Two companies, Sky Network (SKT, #46) and EBOS Group (EBO, #7), published their climate statements on the NZX today. Click the following links to read the full reports:
- [Sky Network climate statement]
- [EBOS Group climate statement]
NZX50 Telecommunication Sector
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