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 has fallen -0.3% so far today, extending its decline to -1.7% over the past five days. Compared to this time last year, the index remains up +1.9%.
THE MAIN GAINERS
Among the 38 stocks in the green, Kathmandu Brands (KMD, #50) led with a +3% gain. Despite today's rise, it has dropped -1% over the past five days and is down -27% year-on-year. Sky Network (SKT, #48) gained +2%, though it remains -9% lower for the month and has fallen -11% year-on-year. Stride Property Group (SPG, #36) also climbed +2%, though it is still down -9% for the year. SkyCity Entertainment (SKC, #29) followed with a +1% gain but has fallen -38% year-on-year.
Kathmandu
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THE MAIN DECLINERS
On the declining side, 45 stocks ended the day lower. Chorus (CNU, #13) dropped -3%, bringing its five-day loss to -6% and its monthly decline to -15%. The NZX (NZX, #41) also fell -3%, though it remains up +47% year-on-year. Ryman Healthcare (RYM, #19) declined -2%, extending its sharp -34% drop over the past month and -36% year-on-year fall. a2 Milk (ATM, #9) also lost -2% today, though it has gained an impressive +42% over the past year.
Chorus
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SMARTSHARES EFTs
| 1-day | 5-day | 6-month | YTD | 1Y | |
| NZ Top 50 ETF (FNZ) | -0.5% | -1.4% | -3.4% | -5.2% | -1.1% |
| NZ Top 10 ETF (TNZ) | +0.5% | -2.0% | -9.9% | -11.7% | -2.5% |
| S/P NZX50 ETF (NZG) | -0.9% | -1.8% | -5.8% | -7.3% | +0.5% |
| NZ Dividend ETF (DIV) | -0.9% | -1.9% | -6.9% | -6.1% | -6.1% |
KEY ANNOUNCEMENTS
Kiwi Property Group (KPG, #23) has set the Dividend Reinvestment Plan (DRP) price at $0.8817 per share for its quarterly dividend, payable on Monday, 24 March 2025. This reflects a 2% discount to the five-day volume-weighted average price (VWAP) following the ex-dividend date. Around 29% of shareholders, representing 42% of issued shares, have opted into the DRP.
NZX50 Property Sector
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Click on the chart title to find more about this sector, including its components.
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