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 INDEX IS DOING
The NZX50 Index rose by +0.2% today, bringing its five-day change to a small decline of -0.1%. Over the last six months, the index has gained +7.3%, leading to a year-on-year increase of +12.6%.
THE MAIN GAINERS
Today, 46 companies recorded gains in the NZX equity market. EBOS Group (EBO, #7), The Warehouse Group (WHS, #48), and Infratil (IFT, #4) all led, each with a +1.9% increase. EBOS Group remains down slightly, with a -1.5% decline over the past month and -3% year-on-year. The Warehouse Group shows a similar trend, down -11.7% for the month and -41.7% year-on-year. Infratil, in contrast, is up +4.3% for the month and +24% year-on-year. Vital Healthcare (VHP, #24) followed closely with a +1.8% gain today, though it has declined -1.5% year-on-year.
EBOS Group
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THE MAIN DECLINERS
Meridian Energy (MEL, #2) led today’s 32 decliners, down -1.5%. Its share price has fallen -1.7% over the month, bringing its year-on-year gain to +15.2%. Hallenstein Glassons (HLG, #42) and Contact Energy (CEN, #8) both declined by -0.5%. HLG has gained +1.6% over the last five days, with a +28.2% increase year-on-year. Contact Energy saw a -2.4% decline over the past five days. Vector (VCT, #12) slipped -0.3% today but remains up +3.2% year-on-year.
Meridian Energy
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SMARTSHARES EFTs
| 1-day | 5-day | 6-month | YTD | 1Y | |
| NZ Top 50 ETF (FNZ) | +0.2% | -0.3% | +5.8% | +4.0% | +7.3% |
| NZ Top 10 ETF (TNZ) | -0.9% | -0.05% | +4.4% | +5.0% | +9.5% |
| S/P NZX50 ETF (NZG) | +0.6% | +0.4% | +6.5% | +7.0% | +10.7% |
| NZ Dividend ETF (DIV) | +0.9% | 0% | +5.2% | -1.0% | +0.7% |
KEY ANNOUNCEMENTS
Westpac Banking Corporation has announced that Dr. Nora Scheinkestel and Audette Exel AO will soon retire from the Board. Dr. Scheinkestel, Chair of the Remuneration Committee, will leave on 6 November 2024, while Ms. Exel, Chair of the Risk Committee, will step down on 13 December 2024. New board members will be appointed shortly.
Pacific Edge Limited (NZX, ASX: PEB), a cancer diagnostics company that was included in the NZX50 last year, has announced that it will release its half-year financial results for the six months ending 30 September 2024 on Tuesday, 26 November 2024, before 10 a.m.
Fonterra (FSF, #40) has announced plans to streamline its Fonterra Shareholders Fund (FSF) listing by delisting from the Australian Stock Exchange (ASX) and consolidating its listing on the NZX Main Board. Originally dual-listed in 2012 to increase public access to FSF units, Fonterra now aims to reduce costs and operational complexity. The shift, driven by low trading volume on the ASX (around 4% of units), is intended to centralise liquidity on the NZX. ASX-registered unit holders don’t need to take any action, and Fonterra will provide additional updates as discussions with the ASX progress.
NZX50 Food Sector
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