MARKET CLOSE: NZ shares dip as CBL Corp suspended, Fletcher in halt ahead of downgrade

Thu, 08 Feb 2018

By Sophie Boot Feb. 8 (BusinessDesk) - New Zealand shares dipped as heightened global volatility continued to subside, while insurer CBL Corp was suspended pending regulatory investigations and Fletcher Building signalled another profit warning. The S&P/NZX50 Index fell 17.59 points, or 0.2 percent, to 8,177.14. Within the index, 23 stocks fell, 19 rose and eight were unchanged. Turnover was $109 million. "The market has calmed down a little bit since Monday, but I don't know if we're out of the woods in terms of volatility," said Gran...

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