MARKET CLOSE: NZ shares fall; Chorus and Fisher & Paykel drop while Heartland, Air NZ gain

Mon, 30 Jan 2017

By Sophie Boot Jan. 30 (BusinessDesk) - New Zealand shares dropped, led by Chorus and Fisher & Paykel Healthcare on continued Trump concerns, while Heartland Bank and Air New Zealand rose. The S&P/NZX 50 Index fell 48.7 points, or 0.7 percent, to 7,085.56. Within the index, 27 stocks dropped, 12 were unchanged and 11 rose. Turnover was $70 million. "We are very slow today, there's no catalyst at the moment to drive anything," said Peter McIntyre, investment adviser at Craigs Investment Partners. "The market's grinding to a standstill t...

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