MARKET CLOSE: NZ shares dip as trade war fears linger

Mon, 19 Nov 2018

By Paul McBeth Nov. 19 (BusinessDesk) - New Zealand shares fell for a fifth day as investors remain wary of the impact a trade war will have on company earnings with export-focused stocks Tourism Holdings and Pushpay still under pressure. Fletcher Building declined ahead of tomorrow's annual meeting. The S&P/NZX 50 index decreased 16.77 points, or 0.2 percent, to 8,792.93. Within the index, 28 stocks fell, 19 gained and three were unchanged. Turnover was smaller than usual at $80.3 million. New Zealand's benchmark index followed Aust...

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