MARKET CLOSE: NZ shares down, led lower by A2 and Z

Thu, 19 Jul 2018

By Sophie Boot July 19 (BusinessDesk) - New Zealand shares dropped, led lower by A2 Milk Co and Z Energy, while Trustpower and Summerset gained. The S&P/NZX50 Index fell 28.5 points, or 0.3 percent, to 8,917.59. Within the index, 23 stocks rose, 19 fell and eight were unchanged. Turnover was $90.1 million. "There's very light turnover but again our index is being led down by A2, Z, Synlait and Port of Tauranga," said Peter McIntyre, investment adviser at Craigs Investment Partners. "A2 makes up a good chunk of the index, and if it is h...

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