NZX Midday Sector Update: Industrial Services Soar, Health Tech Struggles

MT Newswires Live
02-03

Industrial Services stocks gained the highest on the New Zealand exchange, rising 0.9% at midday Monday. The benchmark NZX index reached a new intra-day high.

Ventia Services Group (NZE:VNT, ASX:VNT) rose almost 1% on its second consecutive session of gains.

On the other hand, the health technology plunged over 4%.

Fisher & Paykel Healthcare (NZE:FPH, ASX:FPH) dropped nearly 5% as it warned investors of company costs likely increasing in fiscal 2026 due to new US tariffs on Mexico as most of its US volumes are supplied through its Mexican manufacturing units.

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