Miscellaneous stocks gained the most on the New Zealand exchange, rising 3% at midday Tuesday driven by Infratil's increased investment in CDC.
Infratil (NZE:IFT, ASX:IFT) rose past 3% in recent trade as it bought more stake in CDC to now hold a total of 49.75%.
On the other hand, communications shares dropped 1%.
Spark New Zealand (NZE:SPK) shares dropped 1% in recent trade.
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