NZX Midday Sector Update: Energy Minerals Rises, Consumer Durables Struggles

MT Newswires Live

2025/05/23

Energy minerals shares gained the most on the New Zealand Exchange, rising nearly 4% by midday Friday.

Channel Infrastructure NZ (NZE:CHI) shares rose almost 5% in recent trade after the company said it expects 2025 dividend in the lower end of the policy range of NZ$0.12 to NZ$0.125, up from NZ$0.11 in 2024.

On the other hand, consumer durables shares fell nearly 2%.

KMD Brands (NZE:KMD, ASX:KMD) drove the decline, with shares dropping almost 2%.

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