MARKET CLOSE: NZ shares fall in light trading after index reweighting; A2, Synlait weaken, Air NZ gains

Fri, 01 Jun 2018

By Sophie Boot June 1 (BusinessDesk) - New Zealand shares fell in more subdued trading following yesterday's billion-dollar MSCI rebalancing, with A2 Milk Co and Synlait dropping while Air New Zealand gained. The S&P/NZX50 Index declined 22.63 points, or 0.3 percent, to 8,636.16. Within the index, 28 stocks fell, 14 rose and eight were unchanged. Turnover was $123 million. Yesterday, index turnover was $1.26 billion as trading was boosted by the rebalancing of MSCI's indices. James Smalley, investment adviser at Hamilton Hindin Greene...

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