MARKET CLOSE: NZ shares fall as Mainfreight profit disappoints; Auckland Airport, Freightways drop

Tue, 10 Nov 2015

By Sophie Boot Nov. 10 (BusinessDesk) - New Zealand shares fell, led by Mainfreight after the transport and logistics company posted first-half profit that missed some expectations, weighing on other freight-related companies including Freightways, Auckland International Airport and Air New Zealand. A2 Milk Co and Comvita gained. The S&P/NZX 50 Index fell 45.09 points, or 0.8 percent, to 6002.8. Within the index, 32 stocks fell, 14 stocks rose, and four were unchanged. Turnover was $138 million. Mainfreight lead the index down with sh...

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