MARKET CLOSE: NZ shares edge up in light trading, led by Air NZ, Fletcher; Xero drops

Tue, 13 Jun 2017

By Sophie Boot June 13 (BusinessDesk) - New Zealand shares barely moved in quiet trading, with Air New Zealand and Fletcher Building leading gains while Xero declined. The S&P/NZX 50 index rose 7.34 points, or 0.1 percent, to 7,440.08. Within the index, 21 stocks rose, 21 fell and eight were unchanged. Turnover was $131.1 million. Trading was quiet for a second day, having been muted when much of Australia was closed for a public holiday yesterday. Blue chip stocks led gains with Air New Zealand the best performer, up 3.5 percent...

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