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 down -0.4% so far today, holding onto a +0.8% gain over the past five days, contributing to a solid +9% gain for the last six months and a +11% increase year-on-year.
THE MAIN GAINERS
Gainers in the market included 35 stocks, led by Mercury Energy (MCY, #5), which rose +3% today. Despite this gain, Mercury has declined -2% over the last five days and remains down -6% year-on-year. Channel Infrastructure (CHI, #36) followed with a +2% gain, climbing +4% for the month and a strong +28% year-on-year. Both Oceania Healthcare (OCA, #39) and Hallenstein Glasson (HLG, #44) posted +1% gains. Oceania has surged +42% over the past six months and recorded a +4% increase in the last five days. Hallenstein Glasson also delivered a solid +4% gain for the month and +42% year-on-year.
Mercury Energy
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THE MAIN DECLINERS
On the decliners list, 49 stocks posted losses, led by Kathmandu Brands (KMD, #50), which fell -4% today but remained +1% up over the last five days. Kathmandu’s share price is down sharply -50% year-on-year. Kiwi Property Group (KPG, #23) and Freightways Group (FRW, #21) both dropped -3%. Kiwi Property Group is down -6% for the month but up +5% for the year, while Freightways has gained +26% year-on-year. SkyCity Entertainment Group (SKC, #27) declined -2%, marking a -3% drop over the last five days and a -25% decline year-on-year.
Kathmandu
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SMARTSHARES EFTs
| 1-day | 5-day | 6-month | YTD | 1Y | |
| NZ Top 50 ETF (FNZ) | +0.03% | +1.0% | +8.0% | +4.0% | +6.0% |
| NZ Top 10 ETF (TNZ) | -0.1% | +2.0% | +7.0% | +7.0% | +9.0% |
| S/P NZX50 ETF (NZG) | -0.2% | +1.0% | +8.0% | +7.0% | +9.0% |
| NZ Dividend ETF (DIV) | +0.2% | +0.4% | +8.0% | -3.0% | -2.0% |
KEY ANNOUNCEMENTS
Mercury Energy (MCY, #5) has confirmed a $287 mln investment to build the Kaiwaikawe Wind Farm in Northland, marking its first wind project in the region. The 12-turbine, 77MW wind farm will generate 221GWh annually, enough to power 27,000 homes, and is expected to be operational by late 2026. This brings Mercury's renewable generation commitments to over $1bln across FY24 and FY25, including its ongoing projects – the Ngā Tamariki geothermal expansion and Kaiwera Downs Wind Farm expansion. Construction begins in January 2025, creating up to 100 jobs for the Northland region.
Chorus (CNU, #12) Half-Year Results Announcement: Chorus will release its financial results for the six months ending 31 December 2024 on Monday, 24 February 2025. A results briefing will be held at 10am (NZT) and webcast live via www.chorus.co.nz/webcast.
NZX50 Energy Sector
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