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 ended the week flat, recording a -2.5% decline over the past five days. However, the index posted a +2% gain for the month, bringing its year-on-year increase to +12%.
THE MAIN GAINERS
The market saw 23 gainers today, led by Oceania Healthcare (OCA, #39), which rose +3%. Despite today’s gain, OCA fell -4% over the week but remains up +9% year-on-year. Mercury Energy (MCY, #5) followed with a +2% increase, though it declined -3% for the week and holds a modest +3% gain year-on-year. Precinct Properties (PCT, #19) gained +1%, matching its yearly growth, while Spark (SPK, #9) rose +0.8% but continues to face headwinds, down -44% year-on-year.
Oceania Healthcare
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THE MAIN DECLINERS
The market's 57 decliners were led by Kathmandu Brands (KMD, #50), Sky Network (SKT, #49), and Serko (SKO, #43), all falling -2%. Kathmandu has suffered a significant -46% decline year-on-year, while Sky Network is down -5% for the year, and Serko has dropped -11%. The Warehouse Group (WHS, #48) also declined by -1% today, closing with a steep -40% year-on-year loss.
Kathmandu
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SMARTSHARES EFTs
| 1-day | 5-day | 6-month | YTD | 1Y | |
| NZ Top 50 ETF (FNZ) | -0.7% | -1.9% | +6.7% | +3.8% | +7.1% |
| NZ Top 10 ETF (TNZ) | -0.7% | -1.3% | +4.7% | +6.3% | +7.9% |
| S/P NZX50 ETF (NZG) | -0.2% | -1.2% | +6.4% | +7.3% | +10.6% |
| NZ Dividend ETF (DIV) | 0% | -0.8% | +6.9% | -3.1% | +0.4% |
KEY ANNOUNCEMENTS
Tourism Holdings Limited (THL, #45) has restructured its executive team, combining the CFO and Chief People roles. Ollie Farnsworth will take on the new Chief Financial and Group Support Officer role from 1 January 2025, while current CFO Cameron Mathewson will depart at year-end. As part of cost-saving measures, THL will close its Melbourne sub-assembly plant and reduce its Australian manufacturing workforce by 100 roles. In the USA, support office cuts are expected to save over NZ$500 thousand annually. These changes support THL's goal of achieving $12mln in annual NPAT savings by FY27 while pursuing its growth strategy.
ANZ has announced the appointment of Sam Garland as Group General Manager, Internal Audit, effective early 2025, pending regulatory approval. Reporting to the Chair of the Audit Committee, Christine O’Reilly, and internally to CEO Shayne Elliott, Mr. Garland brings 20 years of experience in professional services. He joins ANZ from PwC Australia, where he was the Banking and Capital Markets Leader, focusing on risk management, regulation, and complex change. Mr. Garland succeeds Paul Orton, who will retire after 14 years at ANZ. The bank acknowledged Mr. Orton's significant contributions, particularly in leading Group Internal Audit since 2021. Shayne Elliott commented on the appointment, emphasising Mr. Garland's expertise and ability to provide independent assurance of ANZ's operations. Mr. Garland will be based in Melbourne.
NZX50 Tourism Sector
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