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 slipped -0.2% today, extending its monthly decline to -0.8%. Despite this short-term drop, the index remains up +14.2% compared to the same time last year.
THE MAIN GAINERS
A total of 39 companies are set to close higher today. Leading the gains was Gentrack (GTK, #28), which rose +2.1% for the day. Over the past five days, the company’s share price has surged +7.4%, with a substantial year-on-year increase of +100.4%. Freightways (FRW, #20) followed, gaining +1.7% today and up +33.6% year-on-year. Skellerup (SKL, #33) posted a gain of +1.6%, bringing its monthly rise to +4.9%. However, compared to the same time last year, Skellerup has a modest decline of -1.3%. Kiwi Property Group (KPG, #23) rounded out the top gainers, increasing +1.1% for the day and +15.1% year-on-year.
Freightways
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THE MAIN DECLINERS
The market saw 37 companies decline today, led by a2 Milk (ATM, #10), which dropped -2.9%, extending its five-day loss to -11.6%. Despite this, the company has gained +31.6% year-on-year. Stride Property Group (SPG, #35) followed with a decline of -2.2%, but remains up +3.1% over the past year. The Warehouse Group (WHS, #48) continued its downward trend, falling -1.9% and sustaining a significant annual loss of -44%. Tower Limited (TWR), the newest addition to the NZX50, closed down -1.5%.
A2 Milk
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SMARTSHARES EFTs
| 1-day | 5-day | 6-month | YTD | 1Y | |
| NZ Top 50 ETF (FNZ) | 0% | -0.2% | +7.6% | +3.6% | +7.6% |
| NZ Top 10 ETF (TNZ) | -0.1% | +0.2% | +7.8% | +6.1% | +11.2% |
| S/P NZX50 ETF (NZG) | -0.2% | -0.2% | +7.9% | +6.5% | +11.2% |
| NZ Dividend ETF (DIV) | +0.3% | +1.0% | +6.3% | -0.9% | +1.7% |
KEY ANNOUNCEMENTS
Gentrack Group Limited invited investors to participate in a conference call on Tuesday, 26 November 2024, at 10:30 AM NZT / 8:30 AM AEST. The call, expected to last one hour, will review the company’s financial results for the year ended 30 September 2024.
A recording of the briefing will be made available in the Gentrack Investor Centre. following the session. The virtual conference can be accessed at www.virtualmeeting.co.nz/gtkfy24.
NZME Limited (NZX: NZM, ASX: NZM) has issued a clarification regarding its FY24 guidance released on 11 November 2024. The original statement indicated that the fourth quarter had started positively, with expected advertising revenue growth of approximately 5% year-on-year for FY24. To clarify, the 5% growth refers specifically to the fourth quarter of FY24, not the entire fiscal year.
NZX50 Technology Sector
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