MARKET CLOSE: NZ shares fall on underwhelming SkyCity outlook; Xero, MRP decline

Thu, 11 Feb 2016

By Sophie Boot Feb. 11 (BusinessDesk) - New Zealand shares fell after SkyCity Entertainment Group, the first to post results this earnings season, reported a gain in first-half profit but left some investors underwhelmed with its outlook. Xero and Mighty River Power fell, while Vector rose. The S&P/NZX 50 Index fell 32.46 points, or 0.5 percent, to 5987.03. Within the index, 31 stocks fell, 13 rose and six were unchanged. Turnover was a lower-than-average $90 million. SkyCity fell 1.6 percent to $4.37. The casino operator posted a 30 ...

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