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 rose +0.7% so far today, to be +2.9% higher than a week ago, and up +12.0% for all of 2024. From a year ago it is up +17.7%. All this has propelled the NZX50 to a new recent all-time record high. The record high was in January 2021.
THE MAIN GAINERS
Therefore it will be no surprise to know that there were 57 gainers across the whole equity market today, led by Scott Technology (SCT), Turners (TRA, #45), and CDL Investments (CDL). Genesis (GNE, $18) and Mercury (MCY, #5) were up +2.4% each, Fletcher Building (FBU, #16) recovered +2.2%. F&P Healthcare (FPH, #1) is up only +0.4%.
Genesis Energy
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THE MAIN DECLINERS
With 32 decliners today, they were led down by Oceania Healthcare (OCA, #39) which is down -5.3%, Smartpay (SPY) down -4.6% and Hallensteins (HLG, #43) down -3.3%. Spark (SPK, #9) is down -1.6%.
Oceania Healthcare
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SMARTSHARES EFTs
| 1-day | 5-day | 6-month | YTD | 1Y | |
| NZ Top 50 ETF (FNZ) | +0.5 % | +2.4% | +9.5% | +6.9% | +11.0% |
| NZ Top 10 ETF (TNZ) | +0.4 % | +3.0% | +10.8% | +9.7% | +15.0% |
| S/P NZX50 ETF (NZG) | +0.6 % | +2.3% | +10.1% | +10.1% | +13.9% |
| NZ Dividend ETF (DIV) | -0.0 % | +0.9% | +7.7% | +0.4% | +2.2% |
KEY ANNOUNCEMENTS
Air NZ (AIR, #21) said its half year earnings before taxation for the first half of the 2025 financial year are expected to be in the range of $120 million to $160 million. They did not provide full year guidance and caution using the first half as a guide.
Smartpay (SPY) delivered its H1 results, and a big profit retreat. But they also had an extensive explanation.
Turners (TRA. #45) also delivered its half year result today, describing a "resilient result".
Channel Infrastructure (CHI, #) announced a $50 mln equity raising plan to back up a new 15 year contract for a new bitumen import terminal for Higgins, a subsidiary of Fletcher Building. This long term contract is in addition to the ten year deal with Z Energy for jet fuel, and a 7-year customer contract to store and export transmix for bp, Mobil and Z Energy.
NZX50 Telecommunication Sector
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Click on the chart title to find more about this sector, including its components.
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