MARKET CLOSE: NZ shares fall, Sky TV and FPH drop while Chorus, Arvida rise

Wed, 05 Sep 2018

By Sophie Boot Sept. 5 (BusinessDesk) - New Zealand shares fell, led lower by Sky Network Television on continued earnings worries and Fisher & Paykel Healthcare, while Chorus and Arvida Group gained. The S&P/NZX50 Index dropped 64.15 points, or 0.7 percent, to 9,228. Within the index, 22 stocks fell, 20 rose, and eight were unchanged. Turnover was $137.2 million. Leading the benchmark index lower was Sky TV, which dropped 3.5 percent to $2.20. The shares have dropped 17 percent since the company gave its annual earnings report last m...

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