MARKET CLOSE: NZ shares continue weakness after shock Key resignation, A2 Milk, Air NZ fall, Orion Health bounces

Mon, 12 Dec 2016

By Sophie Boot Dec. 12 (BusinessDesk) - New Zealand shares dipped, led lower by A2 Milk Co on bad sentiment in the infant formula sector, while Orion Health Group continued to bounce. The S&P/NZX50 Index fell 17.27 points, or 0.3 percent, to 6,876.03. Within the index, 25 stocks fell, 19 rose and seven were unchanged. Turnover was $132.7 million. A2 Milk was the worst performer, down 5 percent to $2.29, on the news that Australian formula producer Bellamy's had gone into a trading halt on the ASX. A2's shares gained 19 percent early th...

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