MARKET CLOSE: NZ shares dip in holiday trading; Ryman, Kathmandu fall while Sky TV, Kiwi Property gain

Wed, 28 Dec 2016

By Sophie Boot Dec. 28 (BusinessDesk) - New Zealand shares edged lower in light holiday trading, led by Ryman Healthcare and Kathmandu Holdings, while yield stocks Sky Network Television and Kiwi Property Group gained. The S&P/NZX 50 Index dipped 1.21 points, or 0.02 percent, to 6,875.78. Within the index, 23 stocks fell, 21 rose and six were unchanged. Turnover was $59.3 million. "We've had another really massive year - the market just wants to grind into a positive outcome - we're up 8.7 percent year to date and there was a bit of a...

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