Consumer durables shares gained the most on New Zealand's Exchange, rising over 5% by midday Wednesday.

Shares of KMD Brands (NZE:KMD, ASX:KMD) were up almost 4% in recent trade.

The company on Wednesday reported a 7.9% increase in overall fiscal first-quarter sales.

Meanwhile, the electronic technology sector shares fell almost 3%.

Shares of ikeGPS Group (ASX:IKE, NZE:IKE) drove the decline, falling almost 4% in recent trade.