MARKET CLOSE: NZ shares down, Tegel, Orion, Sky TV suffer

Thu, 15 Dec 2016

By Sophie Boot Dec. 15 (BusinessDesk) - New Zealand shares fell again, led lower by Tegel Group Holdings which cut its guidance, Orion Health Group and Sky Network Television. The S&P/NZX50 Index dropped 49.24 points, or 0.7 percent, to 6,748.62. Within the index, 35 stocks fell, 13 rose and three were unchanged. Turnover was $156.9 million. Tegel Group Holdings was the worst performer, down 16.8 percent to $1.29, a record low. The poultry group, which was taken public by private equity firm Affinity Equity Partners in April, posted a...

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