MARKET CLOSE: NZ shares fall; Fletcher drops, Air NZ reaches 16-year high

Mon, 10 Jul 2017

By Sophie Boot July 10 (BusinessDesk) - New Zealand shares dropped, led by Fletcher Building and Auckland International Airport down while Air New Zealand reached a 16-year high. The S&P/NZX 50 Index fell 38.18 points, or 0.5 percent, to 7,583.95. Within the index, 25 stocks fell, 19 rose and six were unchanged. Turnover was $103 million. The market "is quieter in terms of volume but we are still seeing positive trends in some stocks like Air New Zealand," said Shane Solly, director, portfolio manager & research analyst at Harbour Asse...

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