MARKET CLOSE: NZ shares drop led by Sky TV, Fletcher at 9-year low; Kathmandu, Synlait gain

Thu, 05 Apr 2018

By Sophie Boot April 5 (BusinessDesk) - New Zealand shares fell, led by Sky Network Television, Genesis Energy and Fletcher Building while Kathmandu Holdings and Synlait Milk gained. The S&P/NZX 50 Index dropped 34.09 points, or 0.4 percent, to 8,363.99. Within the index, 23 stocks dropped, 21 rose and six were unchanged. Turnover was $126 million. David Price, a broker at Forsyth Barr, said some stocks were seeing large swings at the moment but with such low turnover, little could be read into the moves. Sky Network Television was...

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