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 NZX50 INDEX IS DOING
The NZX50 is down -0.3% today, and has declined -1.7% over the past month. Year-on-year, the index is up +1.3%.
THE MAIN GAINERS
There were 36 gainers across the market, led by Oceania Healthcare (OCA, #42) which rose +3%, and is up +5% over the past five days. Over the last month, OCA has gained +5% and is up +8% year-on-year. Skellerup (SKL, #34) gained +2% today, up +7% over five days, though it remains down -3% year-on-year. Property for Industry (PFI, #27) rose +1%, but is down -1% over the past five days and -6% year-on-year. Precinct Properties (PCT, #21) also added +1% today, although it has fallen -9% over the past year.
Oceania Healthcare
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THE MAIN DECLINERS
Among the 41 decliners, Argosy Property (ARG, #32) led the losses, falling -2% today and down -10% year-on-year. Summerset Group Holdings (SUM, #16) also dropped -2%, bringing its six-month loss to -11% and a year-on-year decline of -0.5%. Kathmandu Brands (KMD, #50) fell -1.5% today, down -3% over the last five days and -39% year-on-year. Heartland Group Holdings (HGH, #35) slipped -1%, extending its year-on-year loss to -27%.
Argosy Property
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SMARTSHARES EFTs
| 1-day | 5-day | 6-month | YTD | 1Y | |
| NZ Top 50 ETF (FNZ) | +0.4% | -0.5% | -6.8% | -6.5% | -1.4% |
| NZ Top 10 ETF (TNZ) | -1.3% | +0.3% | -8.6% | -10.7% | -4.4% |
| S/P NZX50 ETF (NZG) | -0.5% | -0.7% | -6.3% | -7.3% | -1.2% |
| NZ Dividend ETF (DIV) | +0.5% | -0.6% | -8.9% | -7.3% | -5.7% |
KEY ANNOUNCEMENTS
Auckland Airport (AIR, #3) has released a draft update of its Master Plan, outlining a long-term vision out to the late 2040s. The plan focuses on terminal integration, a second runway, future rapid transport connections, and a stronger emphasis on sustainability and innovation. While it guides future development, it is not a commitment to build specific assets. The timeline for a second runway has been pushed out by a decade, with operational efficiencies delaying the need. Consultation with airlines, stakeholders and the community will take place over the coming months, with a final version expected by the end of the year.
Kiwi Property (KPG, #23) will announce its annual results for the year ended 31 March 2025 on Monday, 26 May 2025.
NZX50 Industrial Sector
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