MARKET CLOSE: NZ shares down: Kathmandu, Contact drop while Fletcher, CBL remain halted

Mon, 12 Feb 2018

By Sophie Boot Feb. 12 (BusinessDesk) - New Zealand shares dropped, led by Kathmandu Holdings and Fisher & Paykel Healthcare, while NZX gained. The S&P/NZX50 Index fell 33.31 points, or 0.4 percent, to 8,059.06. Within the index, 26 stocks fell, 17 rose and 7 were unchanged. Turnover was $151 million. "There's a bit more of an offer tone to the market today, despite that very sharp turnaround Friday night our time in the US," said Matt Goodson, managing director at Salt Funds Management. "They're not dramatic movements, but quite a num...

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