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 gained +0.3% today, rebounding slightly from recent declines. Over the past five days, the index has fallen -3%, with a -4% decline over the last month. However, year-on-year, the NZX50 remains up +7%.
THE MAIN GAINERS
Today, 43 stocks closed higher, led by Tourism Holdings (THL, #47), which rose +3% despite a -4% drop over the last five days and a sharp -46% decline year-on-year. SkyCity Entertainment (SKC, #29) gained +2%, though it remains down -8% over the past six months and -29% year-on-year. Chorus (CNU, #13) also climbed +2%, adding +2% over the last six months and +9% year-on-year. Similarly, Gentrack (GTK, #24) gained +2%, continuing its strong momentum with a +44% increase over the past year.
Tourism Holdings
Select chart tabs
THE MAIN DECLINERS
A total of 31 stocks closed lower, with Summerset Holdings (SUM, #16), Meridian Energy (MEL, #2), Tower Limited (TWR, #40), and Contact Energy (CEN, #7) all declining -2%. Summerset saw a sharp -10% drop over the last five days but remains up +4% year-on-year. Meridian has fallen -8% over the past six months. Tower, despite today's decline, has gained +21% in six months and an impressive +89% year-on-year. Contact Energy is up +4% in the last six months and +10% over the past year.
Summerset Group Holdings
Select chart tabs
SMARTSHARES EFTs
| 1-day | 5-day | 6-month | YTD | 1Y | |
| NZ Top 50 ETF (FNZ) | -0.1% | -3.1% | -0.1% | -2.7% | +3.3% |
| NZ Top 10 ETF (TNZ) | -0.1% | -2.3% | -3.9% | -8.0% | +2.1% |
| S/P NZX50 ETF (NZG) | +0.7% | -2.2% | -1.0% | -3.7% | +4.8% |
| NZ Dividend ETF (DIV) | +0.3% | -3.3% | -3.8% | -3.8% | -2.1% |
KEY ANNOUNCEMENTS
Channel Infrastructure (CHI, #35) has released its full-year results and financial statements for the 12 months ending 31 December 2024, along with its 2024 Sustainability Report. They reported a $13.9 mln after tax profit, down from $24.1 mln last year.
Heartland Group Holdings (HGH, #33) has reported a net profit after tax (NPAT) of $3.6m for the six months to 31 December 2024 (1H2025). On an underlying basis, NPAT was $10.7m. The result reflects an +8.4% increase in net operating income, supported by strong performance from Heartland Bank Australia. However, this was offset by higher impairment expenses related to derisking non-performing loans in Heartland Bank New Zealand and a +47.5% rise in operating expenses. Heartland saw strong reverse mortgage growth in both New Zealand (+15.3%) and Australia (+15.0%), with record new business of $193m in Australia. Livestock finance applications increased as confidence returned to the Australian market. Heartland Bank Australia’s transition to deposit-based funding is well underway, with deposits now making up 60% of funding. Net interest margin (NIM) improved, with Heartland Bank’s NIM expected to exceed 4.00% by June 2025. The company remains well-capitalised with no changes to credit ratings and has declared an interim dividend of 2.0 cents per share. More here.
Foley Wines has reported strong export sales for the half year to 31 December 2024. Case sales rose +21% to 296,000, while bottled sales revenue increased +12.6% to $32.3m. Operating earnings jumped +61.3% to $2.03m, though reported NPAT fell -35.1% to $1.1 mln due to higher costs from the smaller 2024 vintage and additional investment in sales support.
NZX50 Industrial Sector
Select chart tabs
Click on the chart title to find more about this sector, including its components.
We welcome your comments below. If you are not already registered, please register to comment.
Remember we welcome robust, respectful and insightful debate. We don't welcome abusive or defamatory comments and will de-register those repeatedly making such comments. Our current comment policy is here.