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NZX Midday Sector Update: Consumer Durables Sector Soars, Finance Struggles

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The consumer durables shares gained the most on New Zealand's Exchange, rising almost 11% on Wednesday.

Shares of KMD Brands (NZE:KMD, ASX:KMD) rose nearly 14% in recent trade.

The company on Wednesday reported a 5.2% jump in third-quarter sales, helped by strength in its flagship Kathmandu segment, even as its footwear business Oboz saw a decline amid geopolitical and market tensions.

On the flip side, the finance sector struggled, shedding almost 3%.

Shares of ANZ Group Holdings (NZE:ANZ, ASX:ANZ) dropped by more than 4% in recent trade.

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