NZX Midday Sector Update: Electronic Technology Advances, Technology Services Decline

MT Newswires Live
May 05

Electronic technology shares gained the most on New Zealand's Exchange, rising nearly 3% by midday Tuesday.

Shares of ikeGPS Group (NZE:IKE, ASX:IKE) rose almost 7% in recent trade.

On the flip side, the technology services sector struggled, shedding more than 14%.

Shares of Gentrack Group (NZE:GTK, ASX:GTK) fell past 30% in recent trade.

The company on Tuesday said it now expects fiscal year 2026 revenue of between NZ$229 million and NZ$238 million, lower than its previous guidance.

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