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 little changed today, down -2% for the last month, up +7.4% year-on-year.
THE MAIN GAINERS
There are 33 gainers in the market today, led by Skellerup (SKL, #32) and Tourism Holdings (THL, #46), both rising +2%. Skellerup’s share price has declined -3% over the past six months but is up +7% year-on-year. In contrast, Tourism Holdings has fallen -7% over the last year. Mercury Energy (MCY, #5) and Fisher & Paykel Healthcare (FPH, #1) follow with a +1% gain each. Mercury is up a solid +11% for the month but down -7% year-on-year, while F&P Healthcare recovers +1% today after yesterday’s sharp drop, maintaining a strong +43% gain over the year.
Skellerup Holdings
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THE MAIN DECLINERS
On the decliners' side, Gentrack (GTK, #24) leads the 41 fallers, down -1.5%. Despite today’s drop, its share price has surged +30% over the last six months and an impressive +79% year-on-year. Oceania Healthcare (OCA, #37), Summerset Group (SUM, #16), and The Warehouse Group (WHS, #49) all slip -1% today. Oceania Healthcare has gained +8% this month and +14% over the year, while Summerset is up +16% year-on-year. Meanwhile, The Warehouse Group continues its downward trend, falling -35% over the past year.
Gentrack
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SMARTSHARES EFTs
| 1-day | 5-day | 6-month | YTD | 1Y | |
| NZ Top 50 ETF (FNZ) | +0.6% | +0.3% | +4.0% | -0.2% | +3.8% |
| NZ Top 10 ETF (TNZ) | +0.2% | -1.5% | +3.3% | -3.1% | +4.3% |
| S/P NZX50 ETF (NZG) | +0.2% | -1.0% | +4.1% | -1.1% | +5.8% |
| NZ Dividend ETF (DIV) | +0.4% | -0.6% | +3.6% | 0% | -1.7% |
KEY ANNOUNCEMENTS
Briscoe Group (NZX/ASX: BGP) reported a 0.96% increase in 4th quarter sales, bringing full-year revenue to $791.5 million, just 0.06% below last year’s record. Online sales grew to 19.69% of total revenue, while gross profit margin is expected to be 200 basis points lower than last year but 100 basis points above pre-COVID levels. Despite a tough retail environment, inventory management improved, with closing stock expected to be $5 million lower. Full-year NPAT remains in line with guidance, excluding a $7.4 million non-cash tax adjustment. The Group remains committed to strategic investments and expects ongoing retail challenges in early 2025 but is well-positioned for future recovery. Full-year results and final dividend will be announced on 12 March 2025.
Westpac has appointed Paul Fowler as Chief Executive, Business & Wealth, effective mid-year. Fowler brings over 20 years of experience in financial services, including leadership roles at Commonwealth Bank of Australia (CBA), Goldman Sachs, and Citigroup. At CBA, he served as Executive General Manager, Regional and Agribusiness Banking, as well as CFO of Institutional Banking and Markets. Westpac CEO Anthony Miller praised Fowler’s customer focus, leadership, and track record in business banking. Fowler succeeds Peter Herbert, who has been Acting Chief Executive during the transition.
NZX50 Consumer Goods Sector
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