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 dipped -0.2% today, extending its monthly decline to -4%. Over the past year, the index has posted a modest gain of +0.2%.
THE MAIN GAINERS
Leading the 31 gainers in today’s market, The Warehouse Group (WHS, #49) rose +4%, though it remains down -31% over the last six months and -44% year-on-year. Sky Network (SKT, #48) gained +3%, adding +2% over the past five days but still down -11% year-on-year. Hallenstein Glassons (HLG, #43) climbed +2%, up +4% for the week and +32% year-on-year. Stride Property Group (SPG, #36) also added +2%, though its share price remains -11% lower than this time last year.
The Warehouse Group
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THE MAIN DECLINERS
On the downside, 52 companies saw declines, with four stocks leading losses at -3%. Air New Zealand (AIR, #18) fell -3% today but remains up +16% over the last six months and +3% year-on-year. Oceania Healthcare (OCA, #44) dropped -3% for the day and over the last five days, holding steady year-on-year. Tourism Holdings (THL, #47) is down -6% in six months and -46% year-on-year. Manawa Energy (MNW, #22) declined -3% today and -4% over the last six months but has gained +7% year-on-year.
Air New Zealand
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SMARTSHARES EFTs
| 1-day | 5-day | 6-month | YTD | 1Y | |
| NZ Top 50 ETF (FNZ) | -0.2% | -1.3% | -0.8% | +4% | -1.8% |
| NZ Top 10 ETF (TNZ) | -0.8% | -0.8% | -7.9% | -12.2% | -5.0% |
| S/P NZX50 ETF (NZG) | -0.1% | -1.0% | -2.8% | -6.9% | -1.2% |
| NZ Dividend ETF (DIV) | 0% | -0.5% | -3.1% | -4.8% | -6.4% |
KEY ANNOUNCEMENTS
KMD Brands (KMD, #50) has announced Ashley Reade as the new CEO of Rip Curl. He will join the Group in the coming months, reporting to KMD Brands CEO Brent Scrimshaw. Reade brings 20 years of global experience, most recently serving as Vice President & General Manager of Nike Pacific, where he helped grow the business to AU$1B. His previous roles at Nike included global sales leadership in Portland and strategic account management in Shanghai. Scrimshaw highlighted Reade’s expertise in consumer engagement, team leadership, and growth strategies, stating that his appointment will help position Rip Curl as the world’s leading surf brand. Reade, who grew up surfing Victoria’s Surf Coast, called the role a “career-defining moment” and looks forward to leading Rip Curl from its Torquay headquarters.
Empire Technology Limited has lodged an appeal with the High Court over its obligation to reimburse Vital for takeover-related expenses. The dispute stems from Empire’s abandoned takeover proposal, with the Takeovers Panel ruling on 14 March 2025 that Vital is entitled to full reimbursement of $247,036. The Panel ordered Empire to pay the amount, but Empire has now challenged the decision and plans to file an amended Statement of Claim.
See above for Synlait Milk's HY update.
NZX50 Consumer Goods Sector
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