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 NZX 50 INDEX IS DOING
The NZX50 dropped -0.4% today, though it remains up +2% over the past five days. Over the last six months, the index has gained +6%, and it is up +12% year-on-year.
THE MAIN GAINERS
In the gainers for the day, 37 stocks posted rises. Oceania Healthcare (OCA, #38) led the pack, rising +3%. OCA's share price has gained +7% over the last month and +13% year-on-year. Hallenstein Glassons (HLG, #40) followed with a +2.5% increase, up +1.5% over the past five days and a substantial +46% year-on-year. Investore Property (IPL, #46) and Spark (SPK, #9) both rose +2%. While Investore's share price is down -1% for both the month and year, Spark has gained +5% over the past five days but is down sharply year-on-year, losing -42%.
Oceania Healthcare
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THE MAIN DECLINERS
On the decliners side, 48 stocks recorded losses. Kathmandu Brands (KMD, #50) led with a -5% drop, down -3.5% over the last five days and -43% year-on-year. Precinct Properties (PCT, #20) fell -3%, while Vector (VCT, #12) and Kiwi Property Group (KPG, #23) both declined -2%. Year-on-year, Vector has gained +9%, and Kiwi Property Group is up +8%.
Kathmandu
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SMARTSHARES EFTs
| 1-day | 5-day | 6-month | YTD | 1Y | |
| NZ Top 50 ETF (FNZ) | -0.7 | +1.7 | +3.2 | -1.0 | +5.7 |
| NZ Top 10 ETF (TNZ) | -0.3 | +1.8 | +4.5 | -0.5 | +9.3 |
| S/P NZX50 ETF (NZG) | -0.9 | +1.7 | +5.1 | +0.2 | +9.5 |
| NZ Dividend ETF (DIV) | -0.4 | +1.1 | +4.7 | +0.2 | -1.5 |
KEY ANNOUNCEMENTS
The a2 Milk Company (ATM, #10) will release its financial results for the six months ended 31 December 2024 (1H25) on Monday the 17th February 2025. CEO David Bortolussi and the Executive Leadership Team will host a briefing on the same day at 11:00 am.
Millennium & Copthorne Hotels New Zealand (MCK) has received a takeover notice from its major shareholder, CDL Hotels Holdings NZ (CDLHH NZ), for a full takeover of the 24% of ordinary shares it does not already own, at $2.25 per share, in cash. While not yet a formal offer, CDLHH NZ has 10–20 working days to proceed with the takeover.
The notice excludes MCK's redeemable preference shares (MCKPA) but indicates CDLHH NZ's willingness to acquire them at $1.70 per share through Craigs Investment Partners or seek redemption if successful in acquiring all ordinary shares. MCK has established an independent directors' committee to evaluate the notice and advises shareholders to await the target company statement and independent adviser report before taking action.
NZX50 Food Sector
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Click on the chart title to find more about this sector, including its components.
1 Comments
I hold some MCK shares are will do my best not to let them go at this price - cheeky lowball offer from a parent company that seems to have been taking steps to drive down the value of the listed shares.
NTA is well over $3 and this value uses the purchase price for some of the assets rather than market value.
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