MARKET CLOSE: NZ shares down as A2, Comvita keep falling, Ryman and Heartland rise

Tue, 22 May 2018

By Sophie Boot May 22 (BusinessDesk) - New Zealand shares fell, led lower by continued selling in A2 Milk Co and Comvita, while Ryman Healthcare and Heartland Bank gained. The S&P/NZX50 Index dropped 2.4 points, or 0.03 percent, to 8,613.32. Within the index, 24 stocks fell, 16 rose and 10 were unchanged. Turnover was $140 million. A2 Milk Co led the index lower, down 3 percent to $10.71. Last week, the milk marketer's shares slumped 13 percent after it missed expectations, prompting some analysts to reassess what have been optimistic...

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