MARKET CLOSE: NZ shares dropped, led lower by Comvita and Sky TV, ahead of earnings season

Thu, 02 Aug 2018

By Sophie Boot Aug. 2 (BusinessDesk) - New Zealand shares fell in light trading, with Comvita and Sky Network Television leading the index lower. The S&P/NZX50 Index dropped 10.76 points, or 0.1 percent, to 8,849.16. Within the index, 23 stocks fell, 18 rose and nine were unchanged. Turnover was $108.5 million. "We're in a holding pattern prior to earnings season which kicks off in about a week's time with AMP Capital and Sky City next Wednesday," said Grant Davies, investment advisor at Hamilton Hindin Greene. "What we'll be looking...

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