NZX Midday Sector Update: Producer Manufacturing Shares Rise, Consumer Durables Decline

MT Newswires Live

02/02

Producer manufacturing shares gained the most on New Zealand's Exchange, rising over 1% by midday Monday.

Shares of Scott Technology (NZE:SCT) were up past 2% in recent trade.

Meanwhile, the consumer durables sector declined nearly 2%.

KMD Brands (NZE:KMD, ASX:KMD) was down roughly 2% in recent trade.

The company on Monday said it expects fiscal first-half underlying earnings before interest, tax, depreciation, and amortization (EBITDA) between NZ$8 million and NZ$11 million, compared to NZ$3.9 million a year ago.

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