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 was little changed to start the week, down -0.2%, down -3% over the last six months and -6% year-to-date, but up +4% from this time last year.
THE MAIN GAINERS
Among 27 gainers today, a2 Milk (ATM, #9) led with a +5% rise, surging +26% in the past month and +56% year-on-year. Infratil (IFT, #4) followed with a +3% gain, though it remains down -4% for the month and -15% over six months. Oceania Healthcare (OCA, #44) added +2%, bringing its yearly gain to +3%, while Heartland Group Holdings (HGH, #34) rose +1% but remains down -32% year-on-year.
A2 Milk
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THE MAIN DECLINERS
Among 45 decliners, Spark (SPK, #12) leads the losses, falling -4%, down -30% in the last month and -58% year-on-year. Kathmandu Brands (KMD, #50) dropped -3%, down -28% over the past year. Meridian Energy (MEL, #2) declined -2%, losing -11% in the last month and -4% from a year ago. Tower Limited (TWR, #39) also fell -2% but remains up +107% year-on-year.
Spark
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SMARTSHARES EFTs
| 1-day | 5-day | 6-month | YTD | 1Y | |
| NZ Top 50 ETF (FNZ) | +0.2% | -0.6% | -1.6% | -3.5% | +1.8% |
| NZ Top 10 ETF (TNZ) | -0.9% | -2.3% | -9.0% | -11.1% | -1.4% |
| S/P NZX50 ETF (NZG) | +0.1% | -5.7% | -4.0% | 6.0% | +2.7% |
| NZ Dividend ETF (DIV) | -0.5% | -1.5% | -5.9% | -5.0% | -4.2% |
KEY ANNOUNCEMENTS
Mercury NZ (MCY, #5) announced that Executive GM Strategic Affairs, Phil Gibson, and Chief People Experience and Technology Officer, Fiona Smith, are stepping down to explore new opportunities. Mr. Gibson, who has been with Mercury since 2004, will leave on April 10, 2025. Ms. Smith, who joined in 2021, will depart in February 2026. Both are assisting with transition planning.Mercury also advised that the price for shares transferred under its FY2025 interim Dividend Reinvestment Plan (DRP) is NZ$5.6229 per share, reflecting a 2% discount on the five-day volume-weighted average price.
Smartpay Holdings confirmed receiving two separate conditional, non-binding takeover proposals—one from Tyro Payments and another from an unnamed international strategic party. The Tyro offer values Smartpay at NZ$1.00 per share, primarily in Tyro stock with some cash. Both proposals are subject to due diligence, with no certainty of a transaction. Smartpay has appointed Morgan Stanley and Bell Gully as financial and legal advisers.
Vista Group (VGL, #32) announced that longtime director Kirk Senior will retire after the company’s Annual Shareholders Meeting on May 21, 2025. Senior, who played a key role in Vista’s IPO and expansion, has been with the company for over a decade. The Board is progressing with succession planning and will provide updates in due course.
In February 2025 Air New Zealand's (AIR, #18) international passenger movements totalled 844k, down -3.2% from the previous year, though adjusting for the leap year, passenger numbers increased slightly. International seat capacity declined -7%, while load factors improved to 83%. Domestic passenger numbers fell -5%, with Queenstown Airport reporting a +3% rise in international passengers but a 3% decline in domestic travel.
EBOS Group (EBO, #6) has denied media reports suggesting it is considering an acquisition of Real Pet Food Company. The company reaffirmed its strategy of pursuing small to medium-sized bolt-on acquisitions but stated that the article’s claims are inaccurate.
NZX50 Energy Sector
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