Dallas, Texas--(Newsfile Corp. - August 20, 2026) - NZX Limited (NZSE: NZX): Stonegate Capital Partners Updates Coverage on NZX Limited (NZSE: NZX). We believe NZX's 1H26 results modestly improve the setup, with Smart and Wealth Technologies providing growth while Capital Markets awaits normalization in issuance/trading. The 140 bps y/y margin decline to 35.6% appears to reflect QuayStreet transition costs and investment rather than underlying deterioration, with 2H26 improvement expected despite higher S ...