MARKET CLOSE: NZ shares drop, Trustpower and NZ Refining fell, Sky TV, A2 gain

Tue, 10 Jul 2018

By Sophie Boot July 10 (BusinessDesk) - New Zealand shares dropped, led lower by Trustpower and New Zealand Refining Co, while Sky Network Television rebounded from yesterday's selloff. The S&P/NZX 50 Index fell 28.72 points, or 0.4 percent, to 9,022.93. Within the index, 27 stocks fell, 16 rose and seven were unchanged. Turnover was $114 million. "We've been a bit sluggish today, there's always the school holidays excuse," said Peter McIntyre, investment adviser at Craigs Investment Partners. "With the US reporting season opening on T...

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