MARKET CLOSE: NZ shares down, Westpac and A2 drop while NZ Refining gains on throughput margins

Wed, 18 Jan 2017

By Sophie Boot Jan. 18 (BusinessDesk) - New Zealand shares fell, with volumes still low. Westpac Banking Corp, A2 Milk Co and Tegel Group Holdings all dropped though New Zealand Refining Co gained. The S&P/NZX 50 Index dipped 3.7 points, or 0.1 percent, to 7,059.28. Within the index, 26 stocks fell, 17 rose and seven were unchanged. Turnover was $103.3 million. "There were some mildly negative leads overnight, mainly from Europe," said James Smalley, a director at stockbroker Hamilton Hindin Greene. "Asia's pretty mixed, it's down but...

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