NZX Midday Sector Update: Consumer Durables Advance, Distribution Services Decline

MT Newswires Live

2025/08/29

Consumer durables shares gained the most on New Zealand's Exchange, rising past 4% by midday Friday.

KMD Brands (NZE:KMD, ASX:KMD) rose past 4% in recent trade.

Meanwhile, the distribution services sector fell more than 1%.

Vulcan Steel (ASX:VSL, NZE:VSL) was down past 1% in recent trade.

The company on Thursday confirmed the completion of the institutional component of its fully underwritten renounceable entitlement offer, to raise around AU$59.4 million, through the issue of 10 million shares at AU$5.95 per share.

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