MARKET CLOSE: NZ shares down on Kathmandu, Fisher & Paykel results while A2 gains

Tue, 21 Nov 2017

By Sophie Boot Nov. 21 (BusinessDesk) - New Zealand shares dropped, led lower by Kathmandu Holdings and Fisher & Paykel Healthcare following trading updates, while A2 Milk Co met investor hopes at its annual meeting today. The S&P/NZX50 Index fell 1.32 points, or 0.01 percent, to 8,088.48. Within the index, 25 stocks fell, 19 rose and six were unchanged. Turnover was $182.7 million. Kathmandu Holdings led the index lower, down 4.6 percent to $2.48. The outdoor equipment retailer, set to hold its annual meeting on Friday, said its first...

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