Consumer services stocks advanced over 3% on midday trade on Wednesday.
SkyCity Entertainment Group (NZE:SKC, ASX:SKC) gained almost 9% in recent trade.
The company on Wednesday said it has entered into a non-binding heads of agreement to sell The Grand Hotel as part of its asset monetization program.
Meanwhile, shares of the utilities sector fell 1%.
Contact Energy (ASX:CEN, NZE:CEN) drove the decline, with shares dropping 2%.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.