MARKET CLOSE: NZ shares fall as heavyweights drag market down

By Paul McBeth | Thu, 09 Jan 2020


New Zealand shares were dragged lower as the market’s biggest companies, including Meridian Energy, Ryman Healthcare and Auckland International Airport, were among those sold off. The S&P/NZX 50 Index fell 19.3 points, or 0.2 percent, to 11,537.68. Within the index, 18 stocks fell, 27 rose, and five were unchanged. Turnover was $106.4 million, down on the $138 million daily average in December. The local bourse was the only major benchmark index across Asia-Pacific to decline, with global investors upbeat that tense relations between the...