NZX Midday Sector Update: Retail Trade Shares Rise, Finance Declines

MT Newswires Live

06/02

Retail trade shares gained the most on New Zealand's Exchange, rising past 1% by midday Tuesday.

Shares of Green Cross Health (NZE:GXH) surged 40% in recent trade.

The company on Tuesday said it has entered into a conditional agreement to sell its medical division, The Doctors, to Tend Health for NZ$270 million, subject to adjustments for net debt and working capital.

Meanwhile, the finance sector declined by more than 2%.

Infratil (NZE:IFT, ASX:IFT) was down almost 1% in recent trade after the company said it launched an offer of up to NZ$150 million of unsecured, subordinated capital bonds due 2057 to investors in New Zealand.

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