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 risen +1.2% today so far, lifting +3.3% over the past five days in a rebound from recent losses, though it remains down -4.8% over six months. Year-on-year, the index is up +2.0%.
THE MAIN GAINERS
Infratil (IFT, #4) led the 59 gainers, rising +4% and up +7% for the week, though still down -7% year-on-year. Ryman Healthcare (RYM, #21) and The Warehouse Group (WHS, #49) both gained +3%, though they’re down -43% and -45% respectively over the past year. Investore Property (IPL, #46) rose +2% but is still down -9% year-on-year.
Infratil
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THE MAIN DECLINERS
Among the 24 decliners, Vista Group (VGL, #33) and Serko (SKO, #45) both fell -4%, with Vista still up +73% year-on-year and Serko down -4%. Mainfreight (MFT, #9) dipped -2%, and Turners Automotive (TRA, #39) lost -1%, though Turners remains up +24% over the year.
Vista Group
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SMARTSHARES EFTs
| 1-day | 5-day | 6-month | YTD | 1Y | |
| NZ Top 50 ETF (FNZ) | +0.8% | +3.4% | -6.3% | -6.0% | -1.5% |
| NZ Top 10 ETF (TNZ) | +0.7% | +3.7% | -8.4% | -11.0% | -2.7% |
| S/P NZX50 ETF (NZG) | +1.1% | +2.9% | -6.6% | -6.9% | -0.4% |
| NZ Dividend ETF (DIV) | +1.4% | +2.4% | -8.3% | -6.7% | -6.7% |
KEY ANNOUNCEMENTS
Manawa Energy (MNW, #22) reported lower production volumes of 302GWh in Q4, down -5% year-on-year and -16% below normalised expectations, driven by significantly reduced hydro inflows and a planned outage at Highbank, partly offset by stronger South Island storage generation. Wind offtake volumes were also weak at 112GWh, 30% below the prior comparable period. Spot prices surged—Otahuhu averaged $226/MWh and Benmore $213/MWh—due to declining national hydro storage, low wind generation, and poor inflows. Forward prices rose sharply, with the OTA CY25 ASX strip up 46%. Manawa's key storage lakes dropped from 103% to 47% of average. The second turbine at Matahina was installed and returned to service in late March, and the Commerce Commission has extended its decision deadline on the Contact Energy acquisition to 9 May 2025.
NZX50 Energy Sector
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Click on the chart title to find more about this sector, including its components.
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