MARKET CLOSE: NZ shares drop as Pushpay weakens further while Skycity gains on earnings

Wed, 08 Aug 2018

By Sophie Boot Aug. 8 (BusinessDesk) - New Zealand shares fell, led lower by Pushpay Holdings' continued weakness, while Skycity Entertainment Group gained on its strong annual results. The S&P/NZX50 Index dipped 3.64 points, or 0.04 percent, to 8,872.09. Within the index, 21 stocks fell, 20 rose and nine were unchanged. Turnover was $126.5 million. "The market has been moving in and out of positive territory today," said Peter McIntyre, investment adviser at Craigs Investment Partners. "Weak trade data in China led the Shanghai index...

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