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 remains relatively flat today. Over the past five days, the index has dropped -0.7%, but it has gained +4% over the last six months and is up +10% year-on-year.
THE MAIN GAINERS
In the gainers' section to close out the trading week, 36 companies posted rises. Genesis Energy (GNE, #18) led the pack with a +3% increase, though its share price has declined -3% over the past month and remains down -11% year-on-year. Kathmandu Brands (KMD, #50) followed, rising +2%, though this had little impact on its steep yearly decline of -43%. Oceania Healthcare (OCA, #38) and Serko (SKO, #45) also performed well, both gaining +1%. Oceania Healthcare's share price has grown +10% year-on-year, while Serko’s has declined -6% over the same period.
Genesis Energy
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THE MAIN DECLINERS
In the decliners' section today, 49 companies posted retreats. The NZX (NZX, #42) led the declines, falling -3%, though it gained +2% over the past five days. Despite today’s drop, the NZX has performed strongly over the past year, with its share price up +39%. Scales Corp (SCL, #37) and F&P Healthcare (FPH, #1) both fell -2%. Scales Corp has delivered a substantial +23% gain year-on-year, while F&P Healthcare, the index leader, has surged +62% over the same period. Channel Infrastructure (CHI, #35) dipped today but has gained +4% over the past month and an impressive +34% year-on-year.
NZX
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SMARTSHARES EFTs
| 1-day | 5-day | 6-month | YTD | 1Y | |
| NZ Top 50 ETF (FNZ) | -0.3% | -1.3% | +1.2% | -0.5% | +3.9% |
| NZ Top 10 ETF (TNZ) | -0.4% | -0.5% | +3.3% | -0.6% | +7.0% |
| S/P NZX50 ETF (NZG) | -0.7% | -1.1% | +3.1% | -0.1% | +7.8% |
| NZ Dividend ETF (DIV) | +0.1% | +0.3% | +4.0% | +0.3% | -1.5% |
KEY ANNOUNCEMENTS
Kiwi insurer Tower (TWR, #12) has announced that Chief Financial Officer Paul Johnston will step in as interim Chief Executive Officer from 13 February 2025, following the resignation of Blair Turnbull. More above.
Vector (VCT, #12) has reported growth in its Auckland networks for the six months ended 31 December 2024, with total electricity connections rising 1.5% year-on-year to 628,990, and gas connections increasing 0.4% to 120,761. Despite this growth, new electricity connections in the December 2024 half were down 23.5% compared to the prior year, reflecting a slowing economy. Electricity distributed volumes also fell 1.4% due to warmer temperatures, with residential volumes down 3.0% and business volumes remaining flat.
New gas connections for the period were down sharply by 42.4%, with overall gas distribution volumes declining 7.0%, driven by reduced demand across residential, industrial, and commercial sectors. LPG operations saw a slight decline, with BottleSwap volumes down 1.2% and total LPG volumes falling 5.3% compared to the December 2023 half, attributed to lower bulk swap sales. Liquigas LPG tolling volumes also dropped 2.5%, reflecting reduced customer demand. SAIDI minutes for normal operations (planned and unplanned outages) are slightly lower than the prior year and remain below the regulatory threshold. These results are preliminary and subject to audit.
NZX50 Energy Sector
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