MARKET CLOSE: NZ shares fall as investors eye Australian banking report

Mon, 04 Feb 2019

By Paul McBeth Feb. 4 (BusinessDesk) - New Zealand shares fell in relatively quiet trading, with investors keeping one eye across the Tasman for the findings of a royal commission into the banking sector and waiting for the domestic earnings season to start next week. The S&P/NZX 50 index decreased 19.76 points, or 0.2 percent, to 8,979.41. Within the index, 30 stocks fell, 14 gained and six were unchanged. Turnover was $81.4 million and just five companies traded on volumes of more than one million shares Trading was muted ahead of t...

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