Forex

Vulcan Steel Leads NZX Gainers as Precinct Properties Slumps

Guavy AI Editorial Team Published September 25, 2026

Instruments

NZD

The NZX50 index was largely unchanged on Friday, despite Vulcan Steel leading the pack of gainers. Vulcan Steel rose by +4% to extend its recent momentum, and is now up +10% over five trading days and +11% over the past month.

Auckland International Airport (AIA) also gained +3%, while Air New Zealand (AIR) increased by the same amount. Sanford (SAN) was up +2%, but Precinct Properties (PCT), Infratil (IFT), The NZX (NZX), and Oceania Healthcare (OCA) all fell -2%.

Serko's Chief Financial Officer, Shane Sampson, will be stepping down in March 2027 after more than five years with the company. Heartland Group Holdings has acknowledged a Section 95 Notice from the Reserve Bank of New Zealand regarding its proposed acquisition of TSB shares and subsequent merger with TSB.

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