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NZX Midday Sector Update: Consumer Services Stocks Jump, Consumer Durables Sector Struggles

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Consumer services stocks advanced nearly 5% at midday Friday.

SkyCity Entertainment Group (NZE:SKC, ASX:SKC) gained almost 15% in recent trade.

The company, along with SkyCity Adelaide, has entered into a nonbinding heads of agreement, along with SkyCity Adelaide, with the Commissioner for Liquor and Gambling in South Australia, which provides for a total fine of AU$21 million, according to a Friday Australian bourse filing.

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

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

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