NZX Midday Sector Update: Electronic Technology Soars, Communications Stocks Struggle

MT Newswires Live

2025/03/17

Electronic technology stocks gained the most on the New Zealand exchange, rising past 14% by midday Monday.

Smartpay Holdings (ASX:SMP, NZE:SPY) shares rose nearly 35% as it received a non-binding and indicative acquisition proposal from Tyro Payments (ASX:TYR).

On the other hand, communications shares dropped past 3%.

Spark New Zealand (ASX:SPK, NZE:SPK) shares fell more almost 4% in recent trade.

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