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 rose +0.6% today, trimming its year-to-date decline to -6.6% while holding a +1.1% gain year-on-year.
THE MAIN GAINERS
A total of 54 stocks advanced, led by Spark (SPK, #12), which climbed +5% despite being down -32% over the last six months and -57% year-on-year. Tourism Holdings (THL, #47), KMD Brands (KMD, #50), and Vulcan Steel (VSL, #26) all gained +3%. THL is up +8% in the past five days but has dropped -42% year-on-year. KMD is down -36%, while Vulcan Steel has lost -1% over the same period.
Spark
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THE MAIN DECLINERS
Among the 30 decliners, four companies led with a -1% drop. Sky Network (SKT, #48) is up +3% over five days but remains down -13% for the year. Vista Group (VGL, #31) lost -4% over the last five days but is still up +95% year-on-year. a2 Milk (ATM, #8) has surged +48% in six months, gaining +29% year-on-year, while Investore Property (IPL, #46) is down -6% over the same period.
SKY Network Television
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SMARTSHARES EFTs
| 1-day | 5-day | 6-month | YTD | 1Y | |
| NZ Top 50 ETF (FNZ) | +0.9% | +0.4% | -0.1% | -4.3% | -1.1% |
| NZ Top 10 ETF (TNZ) | +0.6% | +1.7% | -5.5% | -10.8% | -3.5% |
| S/P NZX50 ETF (NZG) | +1.4% | +1.0% | -1.5% | -6.0% | -0.3% |
| NZ Dividend ETF (DIV) | +0.4% | +1.5% | -1.9% | -4.5% | -6.2% |
KEY ANNOUNCEMENTS
Meridian Energy (MEL, #2) will begin construction on its $227 million, 130MW Ruakākā Solar Farm in August 2025, marking its first large-scale solar project in New Zealand. Expected to generate 230GWh annually, enough to power half of Northland’s homes, the farm will be located next to Meridian’s 100MW battery storage system, completing the Ruakākā Energy Park. CEO Neal Barclay highlighted the project’s role in enhancing energy resilience and reducing wholesale power prices. Meridian has awarded construction and maintenance contracts to Ethical Power, with first generation expected in late 2026 and full generation by early 2027.
Mercury NZ (MCY, #5) has appointed Kevin Taylor as COO – Generation, effective 8 April 2025. Taylor, formerly General Manager for Rio Tinto Pacific Operations, brings 34 years of industry experience in operational excellence, risk management, and safety leadership. CEO Stew Hamilton said Taylor’s expertise in complex asset management makes him well-suited to oversee Mercury’s 8,780 GWh of annual renewable electricity generation.
NZX50 Energy Sector
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