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 is flat yet again today, down -1% over the past five days. Over six months, the index has gained +8% maintaining its year-on-year growth of +11%.
THE MAIN GAINERS
The market recorded 40 gainers, led by Hallenstein Glasson (HLG, #45), which rose +2.5%. Over the past five days, HLG’s share price has surged +5%, contributing to a year-on-year gain of +38%. The Warehouse Group (WHS, #48) and Mainfreight (MFT, #6) followed with +2% increases. The Warehouse remains down -6% over six months and a steep -41% year-on-year. Mainfreight has declined -1% over the last five days but holds an +8% gain year-on-year. Scales Corp (SCL, #37) rose +1.5%, boosting its six-month gain to +16% and a solid +29% year-on-year.
Hallensteins Glassons
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THE MAIN DECLINERS
With 37 companies on the decliners’ side, Manawa Energy (MNW, #22) led with a -2.4% drop. Despite a modest -1% decline for the month, the company boasts a strong +26% year-on-year gain. Ryman Healthcare (RYM, #16) fell -2% today and -6% over the past five days, with its share price down -19% year-on-year. Stride Property Group (SPG, #34) declined -1.6%, marking an -8% drop year-on-year. The NZX (NZX, #41) slipped -1.4% but remains up an impressive +40% year-on-year.
Manawa Energy
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SMARTSHARES EFTs
| 1-day | 5-day | 6-month | YTD | 1Y | |
| NZ Top 50 ETF (FNZ) | 0% | -1.6% | +6.1% | +2.9% | +6.1% |
| NZ Top 10 ETF (TNZ) | -0.4% | -2.0% | +6.3% | +4.7% | +7.4% |
| S/P NZX50 ETF (NZG) | +0.8% | -1.4% | +7.2% | +6.3% | +8.6% |
| NZ Dividend ETF (DIV) | -0.1% | -1.1% | +4.4% | -4.5% | -2.8% |
KEY ANNOUNCEMENTS
Infratil (IFT, #4) has announced the successful completion of its Exchange Offer, allocating $46.7 mln in six-year fixed-rate infrastructure bonds maturing on 13 December 2030. Combined with the previously issued $75 mln from the Firm Offer, the total issuance amounts to $121.7 mln. The Exchange Offer is now closed.
Channel Infrastructure (CHI, #36) has concluded the retail entitlement component of its 1-for-12.12 underwritten pro-rata accelerated renounceable entitlement offer. The Retail Entitlement Offer closed on 9 December 2024, raising approximately $21.4 mln in gross proceeds, with eligible retail shareholders taking up 77.9% of their entitlements, representing around 13.4 million new shares. Applications for an additional $10.5 million in new shares have also been received and will be considered during the retail bookbuild. The retail bookbuild, managed by Forsyth Barr, will allocate approximately 3.8 million shares not taken up during the Retail Entitlement Offer or attributable to ineligible shareholders. Shares will be priced at or above the offer price of $1.60 per share.
NZX50 Telecommunication Sector
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