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Asia

NZX Biggest Losers

Here are the NZX-listed companies with the biggest losses on Thursday.SkyCity Entertainment Group (NZE:SKC): -3%, NZ$0.63CDL Investments New Zealand (NZE:CDI): -2%, NZ$0.63Michael Hill International (NZE:MHJ): -2%, NZ$0.44Meridian Energy (NZE:MEL): -2%, NZ$5.40PGG Wrightson (NZE:PGW): -2%, NZ$2.26Radius Residential Care (NZE:RAD): -2%, NZ$0.44Millennium & Copthorne Hotels (NZE:MCK): -2%, NZ$3.05Chorus (NZE:CNU): -2%, NZ$8.88Napier Port Holdings (NZE:NPH): -1%, NZ$3.52Mainfreight (NZE:MFT): -1%, NZ$65.61

^NZ50NZE:CDINZE:CNUNZE:MCKNZE:MELNZE:MFTNZE:MHJNZE:NPHNZE:PGWNZE:RADNZE:SKC
Asia

New Zealand's Commerce Commission Confirms Series of Updates to Fiber Settings

New Zealand's Commerce Commission confirmed a series of targeted updates to the country's fiber settings, according to a Tuesday statement from the regulator.A key change will be a new investment test for major fiber expansion projects, which will assess proposals using an assessment framework, focused on the consumer benefits of further fiber roll-out while still promoting competition, Telecommunications Commissioner Tristan Gilbertson said.It also streamlined the process for assessing capital expenditure proposals through clearer information requirements as well as more predictable timelines, and made changes in areas such as connection costs and insurance.Telecom infrastructure company Chorus' (NZE:CNU, ASX:CNU) Australian and New Zealand shares were each down by about 2% in recent Tuesday trade.

ASX:CNUNZE:CNU
Asia

New Zealand Shares Fall; Chorus Fiscal 2026 Earnings, Revenue Up

New Zealand shares ended lower on Monday as most Asian markets saw losses after the US threatened sanctions on Iran's trade partners.The S&P/NZX 50 Index fell 0.65% or 90.78 points to close at 13,881.88.On Friday, the S&P 500 and the Nasdaq Composite gained 0.4%, and the Dow Jones added 1%.The US threatened Iran with sweeping new economic sanctions targeting its trade partners on Monday, while Iran warned it would halt all oil exports from the Gulf if the financial pressure continued, according to a Monday Reuters report.In domestic news, the number of transport motor vehicle registrations in New Zealand in July licensed for 12 months fell to 3.8 million from 3.9 million in the same period last year, according to figures released by Stats NZ.Also, the total volume of retail sales in New Zealand in the June quarter in seasonally adjusted terms was NZ$26 billion, down 0.5% compared with the March quarter, according to a report released by Stats NZ.In corporate news, Chorus (ASX:CNU, NZE:CNU) logged NZ$0.07 in earnings per share for fiscal 2026, compared with NZ$0.01 a year ago.Property For Industry (NZE:PFI) logged NZ$0.1093 in adjusted funds from operations (AFFO) for fiscal 2026, compared with NZ$0.0959 a year ago.

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Asia

NZX Midday Sector Update: Consumer Services Soar, Communications Sector Struggles

Consumer services stocks advanced nearly 4% in midday trade on Monday.SkyCity Entertainment Group (NZE:SKC, ASX:SKC) gained almost 11% in recent trade.Meanwhile, shares of the communications sector fell almost 3%.Chorus (ASX:CNU, NZE:CNU) drove the decline, with shares dropping nearly 6%.The company on Monday logged NZ$0.07 in earnings per share for fiscal 2026, compared with NZ$0.01 a year ago.

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Asia

Chorus Fiscal 2026 Earnings, Revenue Up

Chorus (ASX:CNU, NZE:CNU) logged NZ$0.07 in earnings per share for the fiscal 2026, compared with NZ$0.01 a year ago, a Monday filing showed.For the 12 months ended June 30, total revenue was NZ$1.03 billion versus NZ$1.01 billion previously, the dual-listed telecommunications infrastructure provider added.The board declared a final dividend of NZ$0.36 per share, up from NZ$0.345 a year earlier, payable Oct. 6 to shareholders on record as of Sept. 15.The company expects fiscal 2027 earnings before interest, taxes, depreciation and amortization of NZ$730 million to NZ$760 million, gross capital expenditure of NZ$375 million to NZ$415 million, and a minimum dividend of NZ$0.62 per share.

ASX:CNUNZE:CNU
Asia

Chorus Moves to Remove Legacy Ownership Caps Following Crown Agreement

Chorus (ASX:CNU, NZE:CNU) executed an unconditional variation to its Deed of Operational and Governance Undertakings with the New Zealand Crown, as the next step toward removing legacy ownership caps included in its constitution, according to a Monday Australia and New Zealand bourse filing.The company said the current ownership restrictions require ministerial approval for ownership of more than 10% of Chorus' voting shares, or over 49.9% if the proposed owner is not a New Zealand national, with the executed variation allowing Chorus to propose an amendment to its constitution to remove the restrictions.Shareholders will be asked to vote on a special resolution on the matter at the upcoming annual shareholder meeting in November, it added.Chorus' ASX and NZX shares both fell almost 1% in recent Monday trade.

ASX:CNUNZE:CNU
Asia

New Zealand Shares Fall; Chorus Acknowledges New Zealand Government's Deal to Monetize Debt

New Zealand shares ended lower on Friday as most Asian shares saw losses after a sell-off in Wednesday's Wall Street trading session.The S&P/NZX 50 Index fell 0.96% or 133.93 points to close at 13,824.13.On Thursday, the Nasdaq Composite lost 0.1%, the S&P 500 fell 0.2% while the Dow Jones declined 0.9%.In domestic news, the national average asking price in New Zealand remained flat at NZ$866,945 in July, up 1% on last year's NZ$858,371, according to a report by realestate.co.nz.In corporate news, Chorus (ASX:CNU, NZE:CNU) acknowledged the New Zealand government's binding agreements to monetize the debt it holds in the company.NZME (NZE:NZM, ASX:NZM) struck an agreement to acquire the print plant equipment at Stuff's facility in Petone, New Zealand.

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Treasury

Update: Chorus Acknowledges New Zealand Government's Deal to Monetize Debt

(Update to add information about the transfer of the equity securities in the fifth paragraph.)Chorus (ASX:CNU, NZE:CNU) acknowledged the New Zealand government's binding agreements to monetize the debt it holds in the company, according to a Friday filing with the Australian and New Zealand bourses.In a same-day statement, the government said it decided for the early monetization of interest-free loans provided to Chorus between 2012 and 2023 rather than waiting until 2036 to be fully repaid.The loans had a book value of NZ$642 million, and the transaction will deliver net proceeds to the Crown of about NZ$702 million, representing a gain over book value of NZ$60 million, New Zealand Finance Minister Nicola Willis said.The Ultra-Fast Broadband securities are not ordinary shares and their early monetization will not change the ownership of Chorus. Settlement of the deal is expected this month.Chorus confirmed in a separate filing that 117.6 million Chorus UFB1 equity securities with a face value of NZ$117.6 million, and 95.6 million Chorus UFB2 equity securities with a face value of NZ$95.6 million were transferred from National Infrastructure Funding and Financing to Accident Compensation Corporation.

ASX:CNUNZE:CNU
Treasury

Chorus Acknowledges New Zealand Government's Deal to Monetize Debt

Chorus (ASX:CNU, NZE:CNU) acknowledged the New Zealand government's binding agreements to monetize the debt it holds in the company, according to a Friday filing with the Australian and New Zealand bourses.In a same-day statement, the government said it decided for the early monetization of interest-free loans provided to Chorus between 2012 and 2023 rather than waiting until 2036 to be fully repaid.The loans had a book value of NZ$642 million, and the transaction will deliver net proceeds to the Crown of about NZ$702 million, representing a gain over book value of NZ$60 million, New Zealand Finance Minister Nicola Willis said.The Ultra-Fast Broadband securities are not ordinary shares and their early monetization will not change the ownership of Chorus. Settlement of the deal is expected this month.

ASX:CNUNZE:CNU
Asia

New Zealand Shares Rise; Chorus Partners With Nokia to Launch National Precision Timing Service

New Zealand shares ended higher on Wednesday as most Asian markets saw gains following a Tuesday rally in Wall Street shares, helped by soaring tech stocks.The S&P/NZX 50 Index rose 0.68% or 93.72 points to close at 13,997.18.On Tuesday, the Nasdaq Composite gained 2.6%, the S&P 500 added 1.8% while the Dow Jones increased by 1.7%.On the domestic front, New Zealand's seasonally-adjusted unemployment rate rose to 5.6% in the June quarter from 5.4% in the March quarter, data from Stats NZ showed.Also, a total of 40,504 metric tonnes (MT) of products were sold during the Global Dairy Trade (GDT) auction held on Tuesday, with supply ranging from 37,045 to 44,702 MT, according to data from the trading platform.Further, the ANZ World Commodity Price Index fell 3.9% month over month in July, the largest monthly fall since November 2022, according to a report from ANZ Research.Meanwhile, New Zealand recorded NZ$16.1 billion of new lending in June, up 1.7% from May and over 7% higher compared with the same month a year earlier, according to data by the Reserve Bank of New Zealand.In corporate news, Chorus (NZE:CNU, ASX:CNU) partnered with Nokia to launch TimeSync, a national network-based precision timing service in New Zealand to support critical infrastructure, the telecommunications infrastructure company said in a statement on Tuesday.RUA Gold (NZE:RGI) received the required regulatory approval to begin exploration drilling at its Glamorgan epithermal gold project in New Zealand's Hauraki Goldfield.

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Asia

Chorus Partners With Nokia to Launch National Precision Timing Service

Chorus (NZE:CNU, ASX:CNU) partnered with Nokia to launch TimeSync, a national network-based precision timing service in New Zealand to support critical infrastructure, the telecommunications infrastructure company said in a statement on Tuesday.The company also collaborated with the Measurement Standards Laboratory, which is responsible for maintaining New Zealand's official time standard, to help support the distribution of the precise time signal.TimeSync is expected to be introduced from 2027, starting with Wellington, Auckland and Christchurch, Chorus said.Chorus shares fell nearly 1% in afternoon New Zealand trade.

ASX:CNUNZE:CNU
Asia

New Zealand Shares Flat; Chorus Fiscal Q4 Fiber Connections Rise to Over 1 Million

New Zealand shares were flat with a negative bias on Friday after oil prices spiked as the conflict in the Middle East intensified, raising concerns over inflation.The S&P/NZX 50 Index was little changed to close at 13,772.29.Brent crude oil futures were trading over $100 per barrel, after jumping 7% overnight to a two-month high of $102 per barrel. The Iran-aligned Houthis struck Saudi Arabian tankers in the Red Sea even as shipping remains constricted in the Straits of Hormuz.Meanwhile, the US reportedly plans to impose higher tariffs on goods from 60 trading partners.In domestic news, Jobs advertisements in New Zealand rose 0.2% month on month in June, extending a 19-month streak of growth, primarily driven by vacancies in the industrial and construction sectors, employment marketplace Seek said.In corporate news, Chorus (ASX:CNU, NZE:CNU) said fiber connections grew by 5,000 in the fiscal fourth quarter to 1.1 million, compared with a gain of 13,000 in the fiscal third quarter. The company said total fixed line connections fell by 4,000 in the June quarter to 1.2 million, compared with an increase of 3,000 in the previous quarter, as losses in copper connections outpaced gains in fiber connections.Gentrack Group (ASX:GTK, NZE:GTK) received notice that UBS Group and its affiliated entities decreased their holdings in the company to 5.584% from 6.668.

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Asia

Chorus Fiscal Q4 Fiber Connections Rise to Over 1 Million

Chorus (ASX:CNU, NZE:CNU) said fiber connections grew by 5,000 in the fiscal fourth quarter to 1.1 million, compared with a gain of 13,000 in the fiscal third quarter, according to a Friday filing with the Australian and New Zealand bourses.The company said total fixed line connections fell by 4,000 in June quarter to 1.2 million, compared with an increase of 3,000 in the previous quarter, as losses in copper connections outpaced gains in fiber connections.Average monthly fiber data usage came in at 731 gigabytes in June, compared with 696 gigabytes in March.The company's fiber footprint now covers 1.5 million addresses, with fiber uptake across those premises at nearly 76%, up 0.4 percentage points in the June quarter.

ASX:CNUNZE:CNU
Asia

NZX Midday Sector Update: Industrial Services Stocks Rise, Communications Sector Struggles

Industrial services gained the most among New Zealand sectors on Tuesday, advancing 2%.Ventia Services Group's (NZE:VNT, ASX:VNT) shares gained past 1% in recent trade.On the flip side, the communications sector struggled, shedding almost 2%.Chorus (NZE:CNU, ASX:CNU) shares were down 1.6% in recent trade.

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Asia

NZX Midday Sector Update: Consumer Non-Durables Stocks Jump, Communications Sector Struggles

Consumer non-durables stocks advanced nearly 2% at midday Wednesday.a2 Milk Company (NZE:ATM, ASX:A2M) gained 3% in recent trade.On the flip side, the communications sector struggled, shedding more than 1%.Chorus (NZE:CNU, ASX:CNU) shares were down nearly 2% in recent trade.

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Asia

NZX Midday Sector Update: Communications Soar, Non-Energy Minerals Struggle

Communications shares gained the most on the New Zealand Exchange, rising almost 2% by midday Thursday.Chorus (ASX:CNU, NZE:CNU) rose nealy 2% in recent trade.On the other hand, non-energy minerals shares dropped nearly 2%.Santana Minerals (NZE:SMI, ASX:SMI) drove the decline, with shares dropping 4%.

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Asia

New Zealand Shares Rise; Spark New Zealand Unit Secures NZ$500 Million Bank Facility in Refinancing Deal

New Zealand shares ended higher on Friday, while most Asian stocks rose after a report said that the US and Iran agreed on a 60-day truce, pending US President Donald Trump's sign-off.The S&P/NZX 50 Index rose 0.29% or 38.44 points, to close at 13,244.55.The US and Iran have reached a tentative agreement to extend their ceasefire by 60 days and continue talks on Tehran's nuclear program, according to a Thursday Bloomberg report, citing a person with knowledge of the matter.In domestic news, consumer confidence in New Zealand rose 6 points in May to 86.5, tracking a small uplift, although the index remained 21 points lower than its January peak, with Wellington remaining the most downcast region, ANZ Research said.Also, business confidence in New Zealand increased by 21 points in May, reaching +10, but still lower than pre-Middle East conflict levels, according to a report by ANZ.Further, the impact of the Middle East conflict will probably be supportive of New Zealand agricultural commodity prices in the short term, but prices could soften under a scenario of prolonged hostilities as product is diverted to markets that already have sufficient supply, Westpac said.Meanwhile, New Zealand housing loans increased in April, while personal, business, and agricultural lending declined from the previous month, according to the Reserve Bank of New Zealand.In corporate news, Spark New Zealand's (NZE:SPK, ASX:SPK) wholly owned subsidiary Spark Finance has completed a refinancing of its bank debt, establishing a new NZ$500 million committed facility to replace existing arrangements.Chorus (ASX:CNU, NZE:CNU) said its fiber-regulated asset base (RAB) rose to NZ$6 billion in the 2025 disclosure year, up from NZ$5.9 billion in 2024.

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Asia

Chorus' Fiber Regulated Asset Base Rose in 2025

Chorus (ASX:CNU, NZE:CNU) said its fiber-regulated asset base (RAB) rose to NZ$6 billion in the 2025 disclosure year, up from NZ$5.9 billion in 2024, according to a Friday filing with the Australian and New Zealand bourses.The core RAB increased by NZ$221 million year over year to NZ$5.1 billion in 2025, while the financial loss asset declined by NZ$130 million to NZ$862 million, per the filing.The company determined that it earned NZ$100.7 million less than its maximum allowable revenue of NZ$963.9 million for the year, the filing said.A NZ$76.3 million wash-up balance will be carried forward, the filing added.The company's New Zealand shares were up nearly 2% in recent Friday trade.

ASX:CNUNZE:CNU
Asia Markets

New Zealand Shares Rise; Pacific Edge Launches NZ$24 Million Capital Raise

New Zealand shares ended marginally higher on Monday amid investors' worries of a prolonged US-Iran conflict.The S&P/NZX 50 Index rose 0.27% or 35.35 points to close at 13,210.48.US President Donald Trump rejected Iran's response to a US peace proposal, sending oil prices sharply higher on Monday, as fears grew that the conflict would continue and keep shipping through the Strait of Hormuz at a standstill, according to a Monday Reuters report.Brent oil price rose to about $105 per barrel in recent Monday trade.In domestic news, supplier costs for food supermarkets in New Zealand rose 2% on average in April from a year earlier, marking a continued slowdown in the pace of increases from recent months, Infometrics said in a report.In corporate news, Pacific Edge (ASX:PEB, NZE:PEB) launched a capital raising of up to NZ$24 million comprising an NZ$18 million institutional placement and a NZ$6 million retail offer at NZ$0.17 per share.Chorus' (NZE:CNU, ASX:CNU) website showed internet outages impacting parts of New Zealand early on Monday, concentrated in and around the Auckland area.

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Asia

Chorus Website Shows Internet Outages in New Zealand

Chorus' (NZE:CNU, ASX:CNU) website showed internet outages impacting parts of New Zealand early on Monday, concentrated in and around the Auckland area.Technical teams are working to resolve the loss of broadband services in Auckland but the company is currently unable to provide a timeframe for resolution, according to the website.Certain outages, including in Timaru and parts of the North Island, are expected to be resolved by Tuesday afternoon, the website showed.

ASX:CNUNZE:CNU

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