Earnings starts strong but NZX 50 falls

Earnings starts strong but NZX 50 falls
Dual-listed Vulcan Steel climbed 1.8% to $10.18 on the NZX. (Image: supplied)
Ella Somers
New Zealand's main share index edged lower on Thursday as earnings season kicked off with a strong result from Vulcan Steel, with some larger stocks weighing on the benchmark.The S&P/NZX 50 Index fell 20 points, or 0.2%, to 12,413.05. Turnover was $199.9 million.Two heavyweight stocks held the market back: Auckland International Airport – which accounts for almost 7% of the index – dropped 2% to $7.38, and Ryman Healthcare, the 10th largest stock, fell 1.2% to $9.88.  Peter McIntyre, an investment adviser at Craigs Inve...