MARKET CLOSE: NZ shares dip from record, Air NZ and Mercury fall while Synlait, Fletcher rise

Tue, 15 May 2018

By Sophie Boot May 15 (BusinessDesk) - New Zealand shares dipped from a record high, with Air New Zealand and Mercury New Zealand falling while Synlait Milk and Fletcher Building gained. The S&P/NZX50 Index fell 4.45 points, or 0.05 percent, to 8,708.78. Within the index, 21 stocks fell, 20 rose and nine were unchanged. Turnover was $206 million. The driving force behind many movements on the exchange today was a review of global stock indices by MSCI. A2 Milk Co started the day higher after MSCI included it in its main global index, b...

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