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 NZX 50 started the week on a weaker note, declining 0.6%. Over the past month, the index has fallen 2%, though it remains up 7% year-on-year.
THE MAIN GAINERS
A total of 39 stocks posted gains today, led by Tower Limited (TWR, #40), which rose 2.5%. The insurer is up 5% over the past five days, with its share price surging 27% in the last six months and an impressive 104% year-on-year. Manawa Energy (MNW, #22) followed with a 2% gain, bringing its annual increase to 21%. Oceania Healthcare (OCA, #42) climbed 1.5%, though it has dropped 3% over the past five days. However, it remains up 11% year-on-year. Sky Network (SKT, #48) added 1%, though its share price is still down 9% over the past year.
Tower
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THE MAIN DECLINERS
On the downside, 46 stocks declined, led by The Warehouse Group (WHS, #49), which slumped 7%. The retailer's share price has fallen 27% over the past six months and is now down 29% year-on-year. EBOS Group (EBO, #6) dropped 3%, though it remains up 4% for the year. Fletcher Building (FBU, #14) slid 2.5%, despite gaining 19% over the last six months. However, it is still down 17% year-on-year. Kiwi Property Group (KPG, #23) fell 2%, though it holds a 10% gain over the past year.
The Warehouse Group
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SMARTSHARES EFTs
| 1-day | 5-day | 6-month | YTD | 1Y | |
| NZ Top 50 ETF (FNZ) | -0.3% | +0.4% | +0.8% | -1.8% | +3.9% |
| NZ Top 10 ETF (TNZ) | -0.2% | 0% | -4.9% | -8.0% | +1.6% |
| S/P NZX50 ETF (NZG) | -0.5% | +0.2% | -1.6% | -3.9% | +4.6% |
| NZ Dividend ETF (DIV) | +0.2% | -0.7% | -3.5% | -3.5% | -2.6% |
KEY ANNOUNCEMENTS
The Warehouse Group (WHS, #49) reported H1 FY25 sales of $1.607b, down -1.6% from H1 FY24. While Q2 saw a smaller decline of -0.9%, gross margins remain under pressure. EBIT (pre-IFRS16) is expected to be $18-$20m. Interim CEO John Journee noted improved sales in January and February but said margin constraints persist. The Fighting Fit turnaround plan is in progress, but fixing legacy issues will take time.H2 FY25 EBIT is expected to be similar to H2 FY24’s $14m loss. Management remains focused on cost control while anticipating an economic recovery later in 2025.
Sky (SKT, #49) will remain the exclusive broadcaster for international and selected domestic cricket played in Australia. The multi-year extension starts in the 2025-26 season, ensuring Sky customers continued access for at least four more years.
NZX50 Consumer Goods Sector
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Click on the chart title to find more about this sector, including its components.
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