MARKET CLOSE: NZ shares at record in mixed trading, Air NZ and Fisher & Paykel rise while Fonterra drops on ComCom concerns

Thu, 14 Jun 2018

By Sophie Boot June 14 (BusinessDesk) - New Zealand shares inched higher to a fresh record in mixed trading, with Air New Zealand and Fisher & Paykel leading gains while Fonterra Shareholders Fund dipped on concerns the cooperative is overpaying for milk. The S&P/NZX50 Index rose .87 points, or 0.01 percent, to 8,978.18. Within the index, 26 stocks fell, 12 rose and 12 were unchanged. Turnover was $182.8 million. "The US gave up half a percent late and Asian markets are, broadly speaking, down a bit, with the exception of the almighty...

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