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 +1.0% to start the trading week. Over the last month the index has declined -1.3%, but remains up +1.8% year-on-year.
THE MAIN GAINERS
Among today's 43 gainers, top-ranked F&P Healthcare (FPH, #1) led the way with a +3.7% rise, also gaining +4% over the past five days. Over the last six months F&P's share price has declined -5%, but is up +2% year-on-year. Infratil (IFT, #4) also climbed +3%, gaining +4% over the last five days, although it remains down -4% year-on-year. SkyCity Entertainment (SKC, #31) jumped +3% today, but has lost -7% over the past month and -36% year-on-year. Oceania Healthcare (OCA, #42) also added +2%, up +5% over the last month and +5% year-on-year.
Fisher and Paykel Healthcare
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THE MAIN DECLINERS
There were 39 decliners, led by Mainfreight (MFT, #9), down -3% today and -4% over the past five days. Over six months, Mainfreight has fallen -23%, down -18% year-on-year. Scales Corporation (SCL, #36) declined -2%, despite gaining +2% over the last five days and +29% year-on-year. Stride Property Group (SPG, #37) also fell -2%, down -13% year-on-year, while Goodman Property Trust (GMT, #15) slipped -1%, losing -19% since this time last year.
Mainfreight
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SMARTSHARES EFTs
| 1-day | 5-day | 6-month | YTD | 1Y | |
| NZ Top 50 ETF (FNZ) | +0.5% | -0.4% | -6.9% | -6.6% | -1.5% |
| NZ Top 10 ETF (TNZ) | +1.5% | +1.9% | -7.4% | -9.6% | -3.2% |
| S/P NZX50 ETF (NZG) | +1.7% | +0.9% | -5.4% | -6.5% | -0.4% |
| NZ Dividend ETF (DIV) | +0.1% | -0.4% | -9.3% | -7.7% | -6.1% |
KEY ANNOUNCEMENTS
Gentrack Group Limited (GTK, #24) advises that its half-year results for the six months ended 31 March 2025 will be released on Monday, 19 May 2025. An investor briefing webcast will be held at 10.30am New Zealand time / 8.30am Australian Eastern Standard Time (AEST).
Property for Industry (PFI, #27) has upgraded its FY25 earnings guidance, now expecting Adjusted Funds From Operations (AFFO) to be 5–10% higher than previously forecast. PFI maintains its expected FY25 cash dividend at 8.50 cents per share, with the payout now projected to be close to 90% of AFFO. The upgrade reflects lower current tax due to higher-than-expected tax depreciation and lower maintenance capex, with FY25 results set for release on 25 August 2025.
Meridian Energy (MEL, #2) has appointed Mandy Simpson as Chief Financial Officer, effective 1 September 2025. Simpson, who brings extensive finance, operations, and capital markets experience, will oversee Finance, Risk, Treasury, Investor Relations, and Procurement. Group Financial Controller Helen Peters will serve as Acting CFO in the interim. Meridian has also created a new Executive role, General Manager, Strategy and Portfolio, with Chris Ewers acting in the role before transitioning to Electricity Security Manager.
NZX50 Technology Sector
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