NZX Midday Sector Update: Distribution Services Rises, Electronic Technology Sector Struggles

MT Newswires Live

07/29

Distribution services stocks advanced over 3% at midday Wednesday.

Vulcan Steel (NZE:VSL, ASX:VSL) gained almost 3% in recent trade.

On the flip side, the electronic technology sector struggled, shedding nearly 2%.

ikeGPS Group (ASX:IKE, NZE:IKE) shares fell past 1% in recent trade.

The company on Wednesday reported fiscal first-quarter revenue of around NZ$6.4 million, unchanged from a year earlier, reflecting interim softness in one-off and lower-margin services revenue.

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