Live News EARNINGS H impact Jul 09, 2026, 02:06 AM UTC

NZX Midday Sector Update: Non-Energy Mineral Stocks Jump, Consumer Durables Fall

Non-energy mineral stocks advanced past 3% at midday Monday. Fletcher Building (NZE:FBU, ASX:FBU) shares rose nearly 3% in recent trade. The company on Thursday upgraded its fiscal year 2026 earnings before interest and taxes (EBIT) guidance by around 6.4% to NZ$400 million to NZ$403 million, supported by an estimated NZ$52 million contribution from surplus property sales. Meanwhile, the consumer durables sector fell almost 3%. KMD Brands (NZE:KMD, ASX:KMD) was down nearly 3% in recent trade.

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SQUAWKNEWS Updated Jul 09, 2026, 02:06 AM UTC

Non-energy mineral stocks advanced past 3% at midday Monday.

Fletcher Building (NZE:FBU, ASX:FBU) shares rose nearly 3% in recent trade.

The company on Thursday upgraded its fiscal year 2026 earnings before interest and taxes (EBIT) guidance by around 6.4% to NZ$400 million to NZ$403 million, supported by an estimated NZ$52 million contribution from surplus property sales.

Meanwhile, the consumer durables sector fell almost 3%.

KMD Brands (NZE:KMD, ASX:KMD) was down nearly 3% in recent trade.