MARKET CLOSE: NZ shares fall as Tourism Holdings drops on softer earnings

Tue, 26 Feb 2019

By Paul McBeth Feb. 26 (BusinessDesk) - New Zealand shares fell, with several disappointments in the earnings season, as rental RV operator Tourism Holdings posted weaker than expected earnings, Vector warned on dividend growth and Gentrack downgraded its outlook. Still, Vista Group International hit a record after delivering strong annual earnings and projecting a sixth year of 20 percent-plus revenue growth. The S&P/NZX 50 index decreased 21.5 points, or 0.2 percent, to 9,323.13. Within the index, 27 stocks fell, 17 rose, and six we...

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