MARKET CLOSE: NZ shares fall from record; Z Energy drops on placement

Fri, 03 May 2019

By Paul McBeth May 3 (BusinessDesk) - New Zealand shares fell from a record as investors took advantage of the recent gains. Z Energy dropped on an unusually large volume of trading. The S&P/NZX 50 Index declined 27.67 points, or 0.3 percent, to 10,058. Within the index, 29 stocks fell, 16 rose, and five were unchanged. Turnover was $279.4 million, of which Z Energy accounted for $203.7 million. The benchmark index was at a record yesterday and has been one of the more expensive across Asia-Pacific. Port of Tauranga, which is trading...

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