Consumer non-durables stocks gained the most on the New Zealand exchange, rising nearly 7% at midday Monday as A2 Milk Company (ASX:A2M, NZE:ATM) posted higher fiscal first-half earnings.
a2 Milk Company rose past 17% in recent trade as it reported earnings of NZ$0.1261 per diluted share, up from NZ$0.1176 per diluted share a year earlier.
On the other hand, finance shares dropped almost 4% after Westpac Banking (ASX:WBC, NZE:WBC) posted its quarterly results.
Westpac Banking shares dropped nearly 5% after its net interest margin dropped two basis points from the second half of last year to 1.81%.
"Cost-of-living pressures and high interest rates remain challenging for some customers while many businesses face cost pressures and lower demand," Chief Executive Anthony Miller of Westpac said in a statement.
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