MARKET CLOSE: NZ shares fall; high oil prices weigh on Air NZ, Mainfreight

Mon, 16 Sep 2019

By Paul McBeth Sept. 16 (BusinessDesk) - New Zealand shares fell as the attack on Saudi Arabian oil facilities unnerved investors and higher oil prices weighed on transport stocks including Air New Zealand and Mainfreight. The S&P/NZX 50 Index declined 31.66 points, or 0.3 percent, to 10,831.75. Within the index, 26 stocks fell, 18 rose, and six were unchanged. Turnover was $68.8 million with just three stocks trading on volumes of more than a million shares. Stocks across Asia were mixed as investors digest the drone attacks on two...

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