MARKET CLOSE: NZ shares drop as Air NZ, Ebos fall; F&P Healthcare, Auckland Airport gain

Thu, 23 Aug 2018

By Sophie Boot Aug. 23 (BusinessDesk) - New Zealand shares dropped as investors picked a weaker outlook for Air New Zealand and Ebos. Fisher & Paykel Healthcare Corp and Auckland International Airport gained on expectations for continuing strong earnings growth. The S&P/NZX 50 Index fell 22.47 points, or 0.2 percent, to 9,139.87. Within the index, 26 stocks fell, 20 rose and four were unchanged. Turnover was $115.4 million. Leading the index lower was Air New Zealand, down 4.3 percent to $3.265. It lifted full-year pre-tax earnings 2....

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