NZX Midday Sector Update: Non-Energy Minerals Soar, Consumer Durables Tank
MT Newswires Live
Apr 02
Non-energy minerals stocks gained the most on New Zealand's Exchange, rising past 2% in midday Wednesday.
Santana Minerals (NZE:SMI, ASX:SMI) saw the sharpest increase in the sector, gaining more than 5% in recent trade.
On the other hand, consumer durables shares dropped almost 31%.
KMD Brands (NZE:KMD, ASX:KMD) shares slid nearly 30% in recent trade, reaching an all-time low.
The company on Thursday said it completed a NZ$6.8 million underwritten placement alongside the institutional component of its fully underwritten 1-for-0.73 accelerated renounceable entitlement offer.
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