MARKET CLOSE: NZ shares drop, Heartland and Ryman fall while Tower, Kiwi Property gain

Tue, 13 Dec 2016

By Sophie Boot Dec. 13 (BusinessDesk) - New Zealand shares continued to drift with Heartland Bank and Ryman Healthcare dropping, while Tower and Kiwi Property Group gained The S&P/NZX50 Index dropped 25.84 points, or 0.4 percent, to 6,850.2. Within the index 28 stocks fell, 18 rose and five were unchanged. Turnover was $135.4 million. Heartland Bank fell 1.3 percent to $1.51. The stock's trading halt has been lifted after the bank raised $20 million from institutional investors at $1.46 per share, a 4.6 percent discount to the last tra...

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