Producer manufacturing shares gained the most on New Zealand's Exchange, rising past 1% by midday Friday.
Skellerup Holdings (NZE:SKL) shares rose 1% in recent trade.
Meanwhile, the consumer durables sector fell 1%.
KMD Brands (NZE:KMD, ASX:KMD) was down 3% in recent trade.
Eicher Motors (NSE:EICHERMOT, BOM:505200) has received a demand order worth 16.4 million Indian rupees from the Office of the Principal Commissioner of Customs in Kolkata, West Bengal, India, according to a Thursday filing to the Indian stock exchanges.The demand relates to preferential tariff exemption claimed by the company on import of goods for one shipment in 2020.As per the agrimachinery and tractor company's assessment, the demand by the customs office is not maintainable and that it is evaluating all options including filing an appeal against the order.Eicher doesnt' expect any relevant impact on financials, operations or other activities of the company due to this order.
Megaport's (ASX:MP1) share price target was upgraded by Citi to AU$22.10 after securing artificial intelligence contracts that are expected to boost earnings "materially," the Australian Financial Review reported Friday.Citi upgraded its fiscal year 2027 earnings before interest, taxes, depreciation, and amortization (EBITDA) expectations for the company to about AU$255 million.Additionally, the financial services firm now forecasts fiscal year 2028 EBITDA to reach roughly AU$518 million.Despite increased risk from a graphics processing unit pool investment with shorter contracts and longer lead times, the economics remained "attractive," with anticipated payback periods of less than 2.5 years, according to analyst Siraj Ahmed.Megaport shares rose 10% in morning trade on Friday and earlier reached their highest since November 2021.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
Greentown China (HKG:3900) posted sales of about 13.4 billion yuan in May, according to a Thursday filing with the Hong Kong bourse.The group sold 2,122 units of self-investment projects during the month, with a sales area of roughly 320,000 square meters.The average selling price for the month was 41,798 yuan per square meter.Contracted sales in the first five months of 2026 amounted to about 48.5 billion yuan. As of the end of May, the property developer recorded subscription sales of around 3.2 billion yuan.