MARKET CLOSE: NZ shares fall as Spark, Ryman give up recent gains in quiet trading

Mon, 01 Oct 2018

By Paul McBeth Oct. 1 (BusinessDesk) - New Zealand shares fell as stocks that rallied into the end of the quarter - including Spark New Zealand and Ryman Healthcare - gave up some of those gains. The S&P/NZX 50 index declined 23.79 points, or 0.3 percent, to 9,327.27. Within the index, 28 stocks fell, 12 gained and 10 were unchanged. Turnover was $64.7 million, with the start of the local school holidays and Labour Day in New South Wales keeping trading light. Institutional investors often reassess their portfolios at the end of ever...

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