MARKET CLOSE: NZ shares fall; Air NZ warning weighs on tourism stocks

Wed, 30 Jan 2019

By Paul McBeth Jan. 30 (BusinessDesk) - New Zealand shares fell, led lower by Air New Zealand, as the national carrier's earnings and softer outlook weighed on other tourism-related companies. Auckland International Airport and Tourism Holdings fell. The S&P/NZX 50 index declined 80.86 points, or 0.9 percent, to 8,925.52. Within the index, 26 stocks fell, 17 gained, and seven were unchanged. Turnover was $193.4 million. Air New Zealand hit a three-month low after warning its annual earnings will fall by as much as 37 percent. The air...

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