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 declined by -1.3% today, extending its five-day drop to -2.2%. Despite the losses, the index remains up +13.7% year-on-year.
THE MAIN GAINERS
The market recorded only 23 gainers today, with just two from the NZX50. The Warehouse Group (WHS, #48) led with a +1% gain, resulting in a +2% rise over the last five days, though it remains down -40% year-on-year. Serko (SKO, #43) followed with a modest +0.3% increase, while its year-on-year decline stands at -14%. Outside the index, Napier Port Holdings (NPH) rose +1.6%, achieving a strong +14% gain for the month and a +5% increase year-on-year. Marsden Maritime Holdings (MMH) gained +0.6%, adding +4% over the past five days but still down -25% year-on-year.
The Warehouse Group
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THE MAIN DECLINERS
The market saw 60 companies decline today, led by Fletcher Building (FBU, #14), which dropped -4.5%. Fletcher is down -3% for the month and has fallen -36% year-on-year. Turners Automotive (TRA, #41) declined -2.8% but maintains a +9% gain year-on-year. Tourism Holdings (THL, #45) fell -3%, marking a -4% drop for the month and a steep -46% decline year-on-year. Freightways (FRW, #21) slipped -2% today but remains up +25% year-on-year.
Fletcher Building
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SMARTSHARES EFTs
| 1-day | 5-day | 6-month | YTD | 1Y | |
| NZ Top 50 ETF (FNZ) | -1.0% | -1.5% | +7.8% | +4.5% | +8.6% |
| NZ Top 10 ETF (TNZ) | -2.0% | +6.8% | +6.8% | +6.8% | +10.2% |
| S/P NZX50 ETF (NZG) | -1.9% | -1.9% | +7.1% | +7.1% | +10.5% |
| NZ Dividend ETF (DIV) | -0.4% | -1.0% | +5.5% | -2.5% | 0% |
KEY ANNOUNCEMENTS
The NZX (NZX, #42) released its shareholder metrics for November, reporting a -5% year-on-year decrease in the total number of equity securities. The equity market's total value stands at $167,676mln, reflecting a +12% increase compared to the same period last year. November saw 1,044,048 trades with a total value of $4.9 bln, marking a significant +82% increase from November 2023.
Scales Corporation (SCL, #37) has reaffirmed its market guidance for the financial year ending 31 December, projecting an underlying net profit after tax (NPAT) between $30 mln and $35 mln. Managing Director Andy Borland described 2024 as a "very positive year," citing a return to normal trading conditions and successful strategic growth in the Horticulture and Global Proteins divisions. For 2025, the company has issued guidance for an underlying NPAT attributable to shareholders in the range of $35 mln to $40 mln, reflecting continued confidence in its growth trajectory. The Directors of the company have also declared a fully imputed interim cash dividend for the 2024 period of 7.25 cents per share, set to be paid on the 25th of January 2025.
Spark (SPK, #9) has appointed David Havercroft to chair of Human Resources and Compensation Committee (HRCC). Havecroft is an independent director of the company, joining the board in October of 2021.
NZX50 Food Sector
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Click on the chart title to find more about this sector, including its components.
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