MARKET CLOSE: NZ shares edge lower on thin volumes Trump inauguration awaited; NZ Refining falls

Fri, 20 Jan 2017

By Paul McBeth Jan. 20 (BusinessDesk) - New Zealand shares fell on light volumes as investors await the inauguration of US president-elect Donald Trump and greater insight into his policy programme. New Zealand Refining dropped, while SkyCity Entertainment Group gained. The S&P/NZX 50 index declined 13.88 points, or 0.2 percent, to 7048.48. Within the index, 24 stocks fell, 16 gained and 10 were unchanged. Turnover was $128.7 million. Stocks on Wall Street dropped as investors second-guess what impact Trump will have on the world's b...

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