MARKET CLOSE: NZ shares fall in light trading; power companies come off the boil

Tue, 10 Sep 2019

By Paul McBeth Sept. 10 (BusinessDesk) - New Zealand shares fell with the major electricity generator-retailers giving up some of their recent gains. Air New Zealand led the market lower. The S&P/NZX 50 Index declined 60.35 points, or 0.5 percent, to 11,142.58. Within the index, 25 stocks fell, 19 rose, and six were unchanged. Turnover was $152.3 million. The major power companies fell, having hit records in recent weeks as the attraction of a reliable dividend prompted investors to bid up the prices at a time when ultra-low interest...

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