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 started the week with little-changed, leaving the index down -0.4% over the past five days, up +1.2% for the month, and up +2.9% year-on-year.

THE MAIN GAINERS
There were 33 gainers, though movements were generally modest. Ryman Healthcare (RYM, #16), Mercury Energy (MCY, #5), and Gentrack (GTK, #33) each advanced +3%. Ryman is down -4% over five days but up +15% across six months, while still -39% lower year-on-year. Mercury has gained +17% in six months but is -5% over the year. Gentrack has slipped -12% in the past month and -16% annually. SkyCity Entertainment (SKC, #36) added +1%, extending its +14% monthly rise, though it remains -40% lower year-on-year.

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THE MAIN DECLINERS
On the downside, 52 stocks declined. Briscoe Group (BGP, #28) led losses, falling -4%, matching its five-day drop. The retailer is still +17% higher over six months, but -3% year-on-year. Stride Property Group (SPG, #37) and Vista Group (VGL, #40) each shed -3%. Stride is up +3% year-on-year, while Vista has fallen -11% in the past month and -15% over the year. Air New Zealand (AIR, #21) eased -2%, down -1% for the month, though it remains +10% higher year-on-year.

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SMARTSHARES EFTs

 
1-day
5-day
6-month
YTD
1Y
NZ Top 50 ETF (FNZ)
+0.1%
+0.9%
+12.2%
+3.5%
+2.5%
NZ Top 10 ETF (TNZ)
+0.3%
-1.2%
+7.4%
-6.8%
-4.5%
S/P NZX50 ETF (NZG)
+0.1%
-3.3%
+10.3%
+0.03%
+0.03%
NZ Dividend ETF (DIV)
-0.8%
-1.1%
+22.3%
+12.7%
+9.8%

KEY ANNOUNCEMENTS
Infratil (IFT, #4) has agreed to acquire TECT Holdings’ 4.92% stake in Contact Energy (CEN) for $437.7mln, or $8.95 per share. The deal will be funded through $218.8mln of existing debt capacity and the issue of $218.8mln of new Infratil shares to TECT at $12.43 per share. On completion, Infratil’s holding in Contact will rise to 14.3%, up from 9.4% following the recent Contact–Manawa merger. CEO Jason Boyes said the transaction strengthens Infratil’s position in a cashflow-generating business while preserving balance sheet flexibility. TECT CEO Wayne Werder noted the long-standing partnership with Infratil and welcomed the opportunity to diversify by becoming a shareholder in the infrastructure investor.

Turners Automotive Group (TRA, #39) has set the strike price for its Dividend Reinvestment Plan (DRP), relating to the dividend payable on 30 October 2025, at NZ$7.18 per share.

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