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 +0.3% today, but remains down -0.6% over the past five days. Over the last six months, the index has gained +7%, contributing to a +11% year-on-year increase.
THE MAIN GAINERS
There are 34 gainers to close out the trading week, led by Spark (SPK, #9), which rose +3% today and +2% over the five-day period. Despite today’s gain, Spark’s share price has fallen -28% over the last six months and is down -43% year-on-year. Air New Zealand (AIR, #21) and Contact Energy (CEN, #8) followed with +2% increases. Air New Zealand gained +3% for the week and +5% for the month but remains down -12% year-on-year. Contact Energy, in contrast, has gained +14% year-on-year. Ryman Healthcare (RYM, #16) also posted a +1.6% increase today but is down -19% year-on-year.
Spark
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THE MAIN DECLINERS
On the decliners' side, 55 companies finished in the red, with Kathmandu Brands (KMD, #50) leading the losses, down -4% today and a steep -50% year-on-year. Mercury Energy (MCY, #5) and Oceania Healthcare (OCA, #39) both fell -3%. Mercury dropped -6% for the week and -4% year-on-year, while Oceania posted a slight -1% weekly decline but remains up +1% year-on-year. Sky Network (SKT, #49) rounded out the list, dropping -2% today, bringing its yearly decline to -10%.
Kathmandu
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SMARTSHARES EFTs
| 1-day | 5-day | 6-month | YTD | 1Y | |
| NZ Top 50 ETF (FNZ) | +0.2% | -0.7% | +6.3% | +2.7% | +6.3% |
| NZ Top 10 ETF (TNZ) | 0% | -1.4% | +6.0% | +4.0% | +6.0% |
| S/P NZX50 ETF (NZG) | -0.3% | -0.6% | +5.8% | +5.4% | +8.2% |
| NZ Dividend ETF (DIV) | -0.5% | -0.5% | +5.0% | -4.0% | -0.5% |
KEY ANNOUNCEMENTS
Commerce Minister Andrew Bayly’s announced reforms aim to enhance market liquidity and access to capital, a move NZX CEO Mark Peterson believes will support economic growth. Key changes include easing IPO regulations, consulting on climate-related disclosures and KiwiSaver settings, and addressing director liability, aligning with recommendations from the 2019 "Growing New Zealand’s Capital Markets 2029" report. NZX emphasised the need for balanced climate reporting aligned with global standards and highlighted opportunities for KiwiSaver funds to invest in New Zealand’s infrastructure projects. Peterson praised the Government’s steps to strengthen capital markets, reaffirming NZX’s commitment to supporting these initiatives to unlock growth and development for New Zealanders.
Synlait Milk has increased its forecast base milk price for the 2024/2025 season to $10.00 per kgMS, up from $9.50 per kgMS.
Fletcher Building (FBU, #15) will release its financial results for the six months ending 31 December 2024 on Wednesday, 19 February 2025, prior to market opening.
Ryman Healthcare (RYM, #16) has released its half-year 25 report for the period ending September 2024. The company currently operates 49 villages, with nine sites currently under construction. Key financial highlights include a net profit after tax (NPAT) of $94.4 million, a -50% decline year-on-year. Cash flow from existing operations fell to -$7.8 million, down -$24.8 million compared to last year. However, cash flow from development activity improved significantly from -$177.3 million in 1H24 to -$44.7 million in 1H25, supported by steady resident funding inflows and reduced capital expenditure on construction.
NZX50 Healthcare Sector
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Click on the chart title to find more about this sector, including its components.
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