MARKET CLOSE: NZ shares break winning streak on Fletcher downgrade, Comvita, A2 gain

Wed, 25 Oct 2017

By Sophie Boot Oct. 25 (BusinessDesk) - New Zealand shares dipped, breaking a 15-day streak of gains as Fletcher Building faltered on another earnings downgrade, while Comvita, A2 and retirement village stocks gained. The S&P/NZX50 Index edged down 7.43 points, or 0.09 percent, to 8,122.67. Within the index, 23 stocks rose, 22 fell and five were unchanged. Turnover was $267 milion. Peter McIntyre, investment adviser at Craigs Investment Partners, said there was significant volume through the market at the moment, with a handful of sto...

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