MARKET CLOSE: NZ shares dip, paced by Air NZ; ANZ, Westpac decline

Fri, 05 Dec 2014

By Suze Metherell Dec. 5 (BusinessDesk) - New Zealand shares edged lower, paced by Air New Zealand as investors booked in recent gains in a fully priced market. Dual-listed Australian banks, Westpac Banking Corp and Australia and New Zealand Banking Group declined on the prospect of new regulation across the Tasman. Evolve Education Group advanced on its NZX debut. The NZX 50 Index decreased 0.773 points, or 0.01 percent, to 5521.909. Within the index, 21 stocks fell, 22 rose and seven were unchanged. Turnover was $153.1 million. Air N...

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