MARKET CLOSE: NZ shares fall as A2 still in the dog-box; Genesis, Akl Airport shed dividend rights

Thu, 04 Oct 2018

By Paul McBeth Oct. 4 (BusinessDesk) - New Zealand shares fell for a fourth day as A2 Milk Co remains out of favour after recent selling by its chief executive and a director. Genesis Energy and Auckland International Airport also declined after shedding rights to dividend payments. The S&P/NZX 50 index slipped 36.77 points, or 0.4 percent, to 9,257.18. Within the index, 22 stocks fell, 20 gained and eight were unchanged. Turnover was $132.1 million. A2 Milk led the market lower for a second day, falling 3.4 percent to $10.70, the lo...

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