MARKET CLOSE: NZ shares down, Comvita, A2, Kiwi Property weaken while Veritas shares double in price

Mon, 21 May 2018

By Sophie Boot May 21 (BusinessDesk) - New Zealand shares dropped, led lower by Comvita as its possible takeover failed, with A2 Milk continuing last week's losses and Kiwi Property Group dropping on its earnings. The S&P/NZX50 Index fell 41.61 points, or 0.5 percent, to 8,615.72. Within the index, 24 stocks fell, 17 rose and 9 were unchanged. Turnover was $103 million. Comvita led the index lower, dropping 8 percent to $6.23. The honey products exporter has pulled out of talks with an unnamed third party looking to take it over when i...

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