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 +1.2% today, extending a +2.1% rise over the past five days but still down -1% for the month. Year-on-year, the index is now up +2.5%.
THE MAIN GAINERS
Among the 43 gainers, F&P Healthcare (FPH, #1) led with a +4% jump, bringing its five-day gain to +7% and a +30% increase year-on-year. Ryman Healthcare (RYM, #20) also rose +4%, though it remains down -5% over the past week and -37% year-on-year. Meridian Energy (MEL, #2) added +3% but is still down -6% from last year. Channel Infrastructure (CHI, #35) gained +2%, boasting a strong +31% year-on-year increase.
Fisher and Paykel Healthcare
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THE MAIN DECLINERS
Of the 39 decliners, Mercury Energy (MCY, #5) led losses, falling -2%, extending a -10% decline over six months and -19% year-on-year. Kathmandu Brands (KMD, #50) also dropped -2%, now down -40% year-on-year. Gentrack (GTK, #25) slipped -1% but remains up +2% over five days and +25% year-on-year. Contact Energy (CEN, #7) also edged down -1% but is still up +1% over the year.
Mercury Energy
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SMARTSHARES EFTs
| 1-day | 5-day | 6-month | YTD | 1Y | |
| NZ Top 50 ETF (FNZ) | +0.6% | +1.5% | -1.5% | -4.3% | -1.5% |
| NZ Top 10 ETF (TNZ) | +0.8% | +2.8% | -6.1% | -9.7% | -2.8% |
| S/P NZX50 ETF (NZG) | +1.5% | +1.8% | -1.8% | -5.2% | +0.6% |
| NZ Dividend ETF (DIV) | +0.7% | +0.8% | -3.0% | -4.7% | -6.3% |
KEY ANNOUNCEMENTS
Argosy Property Limited (ARG, #33) has settled the sale of 8 Forge Way, Panmure, Auckland, for $35.2m.
KMD Brands (KMD, #50) reported its 1H FY25 results, with group sales rising +0.5% to $470.9m, but underlying EBITDA dropping -74.3% year-on-year to $3.9m. The company posted a statutory NPAT loss of -$20.7m and declared no interim dividend. Online sales saw strong double-digit growth, while wholesale sales remain slow to recover. Gross margin declined slightly to 58.5%, and net working capital was reduced by -$33.6m year-on-year.
Genesis Energy (GEN, #7) has set the issue price for shares under its Dividend Reinvestment Plan at NZ$2.0971 per share, based on the volume-weighted average price over five business days from 19 March 2025, with a 2.5% discount. Shareholders participating in the plan will receive shares instead of cash for the interim dividend payable on 10 April 2025.
NZX50 Property Sector
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