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 fell -0.3% today, extending its five-day decline to -3.8%. Year-on-year, the index is down -0.5%.
THE MAIN GAINERS
Among the 32 gainers, SkyCity Entertainment Group (SKC, #29) led the way, up 2% today, though still down 6% over five days and 8% for the month. Year-on-year, the stock has dropped 39%. The Warehouse Group (WHS, #49) rose 1%, despite falling 9% over five days and 30% in the past six months - down 45% year-on-year. EBOS Group (EBO, #6) also gained 1%, lifting its year-on-year performance to +11%. Hallenstein Glassons (HLG, #41) was up 1% as well, though down 8% in five days. The retailer remains 19% higher than a year ago.
SKYCITY Entertainment
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THE MAIN DECLINERS
On the downside, 36 stocks declined, led by Summerset Holdings (SUM, #16), which dropped 3%, extending its five-day slide to 4%. The stock is down 13% over six months and 5% year-on-year. Vista Group (VGL, #32) fell 2%, down 10% for the month but still up 69% year-on-year. Gentrack (GTK, #24) also lost 2%, with an 11% fall over the past month, though it remains up 18% year-on-year. Kiwi Property Group (KPG, #23) dipped 2%, though it's still 2% higher than a year ago.
Summerset Group Holdings
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SMARTSHARES EFTs
| 1-day | 5-day | 6-month | YTD | 1Y | |
| NZ Top 50 ETF (FNZ) | -0.5% | -3.3% | -8.9% | -8.1% | -4.4% |
| NZ Top 10 ETF (TNZ) | -0.3% | -2.8% | -10.7% | -13.2% | -4.7% |
| S/P NZX50 ETF (NZG) | -0.1% | -3.4% | -8.4% | -9.1% | -2.7% |
| NZ Dividend ETF (DIV) | +0.1% | -3.6% | -9.9% | -8.4% | -9.1% |
KEY ANNOUNCEMENTS
Radius Residential Care (RAD) reported preliminary FY25 results materially higher than the prior year, driven by a strong final quarter. Underlying EBITDA is expected between $23.3m–$23.7m, up from $20.9m in FY24, with second-half EBITDA up around 23% year-on-year. Occupancy averaged 92.8% for the year, peaking at 93.9% in the final week, while EBITDAR per occupied bed rose to $27.9k from $24.7k. Net interest expense dropped to $6.1m from $9.5m, with drawn debt reduced to $70.2m. CEO Andrew Peskett credited strong operational performance to leadership, increased Accommodation Supplement revenue, higher hospital and ACC occupancy, and the contribution from Cibus Catering. Radius expects to release audited results and declare its final dividend in May.
Scales Corporation (SCL, #37) says new U.S. import tariffs announced last week are not expected to materially impact its earnings, with exports to the US making up less than 10% of FY24 revenue and expected to be even lower in FY25. While work continues to clarify the implications, the company has made no changes to its FY25 earnings guidance and will use its geographical diversification to mitigate any effects.
NZX50 Industrial Sector
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