Here are the key changes to know about in the New Zealand equity market; Kathmandu & Tourism Holdings stage a recovery, a2Milk and NZX slip with EBOS & Spark

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 NZX 50 INDEX IS DOING
The NZX 50 Index remained relatively stable today, with a slight decline of -0.5% over the past five days. Over the last month, the index has risen by +2.2%, contributing to an overall year-on-year gain of +18%.

THE MAIN GAINERS
There are 43 gainers in the equity market today, led by Kathmandu Brands (KMD, #50), whose share price increased by +5.7%. The company has gained +1.1% over the last five days, though it remains down by -44% year-on-year. Tourism Holdings (THL, #41) follows with a daily increase of +2.6%, achieving a +10.7% rise over the past month. However, the stock has declined by -39.5% year-on-year. Precinct Properties (PCT, #19) rose by +1.6% today, showing a strong year-on-year performance with a gain of +15.3%. Stride Property Group (SPG, #35) was close behind, increasing by +1.5% today and maintaining a modest year-on-year increase of +1.5%.

THE MAIN DECLINERS
Among the 36 decliners today, a2 Milk (ATM, #10) led with a daily drop of -1.6%. Over the past five days, the company has declined by -3.2%, though it still shows a robust year-on-year gain of +50.2%. NZX Limited (NZX, #42) followed, with a -1.5% decline today, bringing its five-day loss to -2.9%. Year-to-date, however, NZX has gained +27.1%. EBOS Group (EBO, #7) declined -1.1% for the day but is up +4.3% year-on-year. Spark (SPK, #9) also fell by -1.0%, while showing a year-on-year increase of +4.3%.

SMARTSHARES EFTs

KEY ANNOUNCEMENTS

Mercury NZ (MCY, #5) Executive Team Update
Mercury NZ has announced changes to its executive team, introducing two new roles that will report directly to CEO Stew Hamilton. Matt Tolcher, the current General Manager of Generation Development, has been appointed as the new Executive General Manager of Generation Development, reflecting the company’s strategic focus on renewable energy expansion. Tim Thompson, previously General Manager of Wholesale, has been promoted to the newly created Executive General Manager of Wholesale role. CEO Hamilton stated, “This recognises the strategic importance of our ability to develop and build more renewable energy at pace, effectively engage with large customers and manage our supply and demand portfolio to support New Zealand’s low carbon transition. It’s a testament to the talent at Mercury, with both Matt and Tim as standout candidates for these critical roles.”

Gentrack (GTK, #30) Full-Year Results Announcement
Gentrack posted to the NZX that it will release its full-year results on November 26, marking its first annual report since joining the NZX 50.

Auckland Airport (AIA, #4) Future Director Programme
Auckland Airport has introduced Ngahuia Leighton, Ngāti Awa, to its Future Director programme, which begins on November 19 and will last 18 months. Leighton currently serves as Infrastructure Funding and Financial Commercial Manager at Crown Infrastructure Partners (CIP). AIA Chair Julia Hoare commented, “We are delighted to welcome Ngahuia on board as a Future Director. The Board is committed to supporting the development of the next generation of governance, and Ngahuia has the talent and expertise to add significant value to New Zealand’s organisations over the coming years. We are pleased to contribute to her ongoing development.”

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