MARKET CLOSE: NZ shares drop, Synlait and Infratil fall while Gentrack, Ryman rally

Wed, 11 Jul 2018

By Sophie Boot July 11 (BusinessDesk) - New Zealand shares dropped, led by Synlait Milk and Infratil, while Gentrack Group gained and Ryman Healthcare hit a record high. The S&P/NZX 50 Index fell 21.54 points, or 0.2 percent, to 9,001.39. Within the index, 24 stocks fell, 15 were unchanged and 11 rose. Turnover was $107 million. "The market has really only been trading in a pretty small range throughout the day, and it really has gone into a bit of a lull ahead of reporting season," Grant Williamson, director at Hamilton Hindin Greene....

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