{"id":300966,"date":"2026-02-25T05:36:17","date_gmt":"2026-02-25T05:36:17","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/300966\/"},"modified":"2026-02-25T05:36:17","modified_gmt":"2026-02-25T05:36:17","slug":"kiwi-blue-chips-helped-higher-on-results-and-residual-news-market-close","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/300966\/","title":{"rendered":"Kiwi blue chips helped higher on results and residual news \u2013 Market close"},"content":{"rendered":"

It yesterday lifted revenue and earnings guidance<\/a> for the year to March 31, not including any potential refund of US tariffs paid to date in the 2026 financial year. <\/p>\n

News<\/p>\n

In the news, Property for Industry, up 1.35% to $2.26, guided for a full-year 2026 cash dividend of 9.05 cents a share<\/a>, up 5.2% on the year. Its first-half, after-tax profit was $46.94 million, up from $28.76m.<\/p>\n

\u201cI think they\u2019ve kind of soft-signalled that things are progressing well, and tried to show management\u2019s confidence,\u201d Singh said. <\/p>\n

Mercury NZ, up 2.44% to $6.30, lifted underlying interim earnings, statutory profit and dividend<\/a> on the back of strong hydro and lower costs.<\/p>\n

Among the other gentailers, Meridian Energy was up 2.32% to $5.74 and Contact Energy added 1.19% to $9.33.<\/p>\n

Genesis Energy \u2013 after yesterday\u2019s rise in first-half earnings and news of its $400m raise<\/a> \u2013 soured 1.24% to $2.38.<\/p>\n

\u201cThe theme\u2019s been the same with the gentailers: much improved earnings from a tough period a year ago,\u201d Singh said.<\/p>\n

Elsewhere<\/p>\n

ANZ Holdings was up 1.42% to $47.99. In Australia, the parent company\u2019s former ANZ chief executive, Shayne Elliott, has quit his high-profile legal action<\/a> against the lender, the bank said.<\/p>\n

Scales was another notable mover, up 1.12% to $6.30 as it continued to go from strength to strength on positive sentiment, Singh said.<\/p>\n

In other market news outside the top 50 stocks, NZME rose 3.54% to $1.17 on reporting an after-tax net profit of $13.1m for the year to December, reversing the prior year\u2019s $16m loss<\/a> and maintaining a final dividend of 6 cents a share.<\/p>\n

Vulcan Steel, down 0.13% to $7.90, said cost pressure remained as it increased sales but posted a decline in interim net profit to $8.3m, from $9.2m.<\/p>\n

PGG Wrightson was 0.86% lower at $2.30 as it posted a first-half net profit after tax of $17.3m, up 8% on the year<\/a>. Revenue was up 9% to $619.4m.<\/p>\n

Elsewhere, the S&P\/NZX 10 closed up 1.03% or 133.991 points to 13,101.44, and the S&P\/NZX 20 added 0.89% or 68.202 points to 7695.970.<\/p>\n

Stay ahead with the latest market moves, corporate updates, and economic insights by subscribing to our Business newsletter<\/a> \u2013 your essential weekly round-up of all the business news you need.<\/p>\n","protected":false},"excerpt":{"rendered":"It yesterday lifted revenue and earnings guidance for the year to March 31, not including any potential refund…\n","protected":false},"author":2,"featured_media":300967,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[28119,95,15497,47787,138,1039,651,44547,71946,36090,13988,527,50218,9832,13484,194,225,111,43,139,69,90,37736,165229,5909,8830,165230,643,3179,14578,80],"class_list":{"0":"post-300966","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-amp","9":"tag-and","10":"tag-blue","11":"tag-bluechip","12":"tag-business","13":"tag-chips","14":"tag-close","15":"tag-corporate","16":"tag-finished","17":"tag-fisher","18":"tag-gains","19":"tag-healthcare","20":"tag-heavyweight","21":"tag-helped","22":"tag-higher","23":"tag-kiwi","24":"tag-market","25":"tag-new-zealand","26":"tag-news","27":"tag-newzealand","28":"tag-nz","29":"tag-on","30":"tag-paykel","31":"tag-residual","32":"tag-results","33":"tag-rich","34":"tag-seam","35":"tag-stocks","36":"tag-thanks","37":"tag-tuesday","38":"tag-zealand"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/300966","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=300966"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/300966\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/300967"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=300966"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=300966"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=300966"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}