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 is up +0.3%, another modest day, up +1% for the month and gaining +11% year-on-year.
THE MAIN GAINERS
The market saw 29 gainers today, led by Kathmandu Brands (KMD, #50) and Air New Zealand (AIR, #19), both rising +2%. Kathmandu has declined -2% over the past month and is down -42% year-on-year. Air New Zealand, despite a +6% monthly gain, is also down -5% compared to this time last year. F&P Healthcare (FPH, #1) and Infratil (IFT, #4) followed, each gaining +1.5%. F&P Healthcare has surged +19% in the last six months and a substantial +64% year-on-year, while Infratil is up +9% over six months and +13% for the year.
Kathmandu
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THE MAIN DECLINERS
On the other side, there were 47 decliners in the market today. Sky Network (SKT, #48) and The Warehouse Group (WHS, #49) posted the largest drops, both down -2%. Sky has gained +7% for the month and is up +6% year-on-year. In contrast, The Warehouse Group has struggled, falling -4% for the month, a steep -28% over six months, and -37% year-on-year. Investore Property (IPL, #46) and Spark (SPK, #9) both declined -1.7%. Investore is up +1% for the year, while Spark has seen a significant -44% drop year-on-year.
SKY Network Television
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SMARTSHARES EFTs
| 1-day | 5-day | 6-month | YTD | 1Y | |
| NZ Top 50 ETF (FNZ) | -0.03% | +0.1% | +2.6% | +0.1% | +5.0% |
| NZ Top 10 ETF (TNZ) | +0.3% | +0.1% | +5.0% | 0% | +8.0% |
| S/P NZX50 ETF (NZG) | +0.2% | +0.5% | +4.0% | 0% | +8.0% |
| NZ Dividend ETF (DIV) | +0.3% | -0.1% | +5.0% | +0.3% | -0.6% |
KEY ANNOUNCEMENTS
Millennium & Copthorne Hotels New Zealand (MCK) has engaged Cameron Partners Limited and Bell Gully to assist with its response to the takeover notice issued by CDL Hotels Holdings New Zealand Limited (CDLHH NZ) on 20 January 2025. Additionally, Northington Partners Limited has been appointed to prepare an independent adviser report under the Takeovers Code, with approval from the Takeovers Panel. MCK advises shareholders to refrain from taking any action regarding their shares until they receive a target company statement, a recommendation from MCK's independent directors, and the independent adviser’s report. Shareholders considering selling their shares before then are encouraged to seek professional advice.
Contact Energy (CEN, #6) has released its monthly operating report for December 2024; the Customer business reported electricity and gas sales of 274GWh for December 2024, slightly down from 279GWh in December 2023. However, the mass market netback rose to $156.56/MWh, compared to $145.23/MWh a year ago. In the Wholesale business, contracted electricity sales reached 699GWh, marginally higher than 692GWh in December 2023. Electricity and steam net revenue increased to $98.75/MWh, up from $96.02/MWh last year. Electricity generation or acquisition totaled 765GWh, a rise from 692GWh. The unit generation cost, including acquired generation, dropped significantly to $30.68/MWh from $40.03/MWh. Additionally, the cost of own generation fell to $26.3/MWh, compared to $37.2/MWh in December 2023.
NZX50 Energy Sector
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