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 +0.4% today, though it remains down -0.7% over the past five days. Over the last six months the index has declined -5.1%, but it's still up +2.1% year-on-year.
THE MAIN GAINERS
There were 42 gainers in the market, led by Heartland Group Holdings (HGH, #35), which jumped +4% today and is up +7% over the past five days. However, it remains down -25% over six months and -28% year-on-year. Vista Group (VGL, #33) gained +3% today and over the past five days, with a strong +88% increase year-on-year. Stride Property Group (SPG, #36) also climbed +3%, though it’s down -2% over five days and -12% over the year. Serko (SKO, #45) added +3%, but remains down -9% for the week and -5% year-on-year.
Heartland Group Holdings
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THE MAIN DECLINERS
Of the 30 decliners, Tourism Holdings (THL, #47) led losses with a steep -11% drop, bringing its monthly decline to -15% and a staggering -51% fall year-on-year. Kathmandu Brands (KMD, #50) fell -2% and is down -39% over the year. Hallenstein Glassons (HLG, #42) dipped -1% today and -6% over the past five days, though it’s still up +27% year-on-year. Contact Energy (CEN, #7) also slipped -1%, despite a +5% gain for the month and +5% year-on-year growth.
Tourism Holdings
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SMARTSHARES EFTs
| 1-day | 5-day | 6-month | YTD | 1Y | |
| NZ Top 50 ETF (FNZ) | +0.2% | -0.4% | -6.4% | -6.4% | -1.3% |
| NZ Top 10 ETF (TNZ) | 0% | +0.3% | -7.6% | -10.6% | -2.8% |
| S/P NZX50 ETF (NZG) | +0.5% | -0.8% | -5.8% | -7.2% | -0.3% |
| NZ Dividend ETF (DIV) | +0.7% | -1.1% | -9.1% | -7.6% | -7.6% |
KEY ANNOUNCEMENTS
Tourism Holdings (THL) has downgraded expectations for FY25, citing a sharp deterioration in global consumer confidence and vehicle sales demand, alongside a significant drop in USA rental bookings. The company reports new booking intakes from key European markets are down 40–50% on last year, with cancellations also elevated ahead of the US high season in June. While Canadian rentals are performing well, capacity is already near full, and gains there won’t offset the US shortfall. With most key metrics trending negatively since its interim update, THL now expects underlying NPAT to be significantly below the current $45.2m analyst consensus. The company says it has no need to raise equity and remains comfortable with its banking covenants.
NZX50 Tourism Sector
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