MARKET CLOSE: NZ shares dip as Facebook woes colour global markets;PFI falls

Thu, 26 Jul 2018

By Paul McBeth July 26 (BusinessDesk) - New Zealand shares edged lower as a weak earnings result from Facebook cast a pall over global equity markets while investors prepare for the local earnings season. Property For Industry and Heartland Bank declined, while Sky Network Television extended its recovery. The S&P/NZX 50 index decreased 1.41 points, or 0.02 percent to 8,932.48. Within the index, 24 stocks fell, 19 gained and seven were unchanged. Turnover was $102.7 million. Stocks across Asia were mixed after a weak result from Face...

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