NZX Midday Sector Update: Producer Manufacturing Stocks Advance, Consumer Durables Sector Struggles

MT Newswires Live

04/07

Producer manufacturing stocks advanced nearly 4% at midday Tuesday, with miscellaneous manufacturing rising almost 5% higher.

Skellerup (NZE:SKL) gained more than 4% in recent trade.

Meanwhile, the consumer durables sector struggled, shedding 9%.

KMD Brands (NZE:KMD, ASX:KMD), whose shares fell past 7% in recent trade in New Zealand, opened the retail component of its fully underwritten NZ$58.5 million 1-for-0.73 pro-rata accelerated renounceable entitlement offer on Tuesday.

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