MARKET CLOSE: NZ shares down, Metro Glass and TradeMe drop on earnings, A2 at new high

Thu, 24 Aug 2017

By Sophie Boot Aug. 24 (BusinessDesk) - New Zealand shares fell, with Metro Performance Glass and Trade Me Group dropping sharply after disappointing earnings while A2 Milk Co reached yet another record. The S&P/NZX50 Index dropped 11.05 points, or 0.1 percent, to 7,868.41. Within the index, 21 stocks fell, 20 rose and nine were unchanged. Turnover was $178 million. Metro Performance Glass led the index lower, falling 10.8 percent to $1.24. The company said it expects its first half results to be largely flat despite the contribution...

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