MARKET CLOSE: NZ shares fall; SkyCity drops on convention centre probe

Wed, 13 Jun 2012

June 13 (BusinessDesk) - New Zealand shares fell, pushing the NZX 50 Index to a three-month low, after the Auditor-General announced an inquiry into Sky City Entertainment Group’s bid to build a convention centre and Restaurant Brands shed its dividend. The NZX 50 fell 43.86 points, or 1.3 percent, to 3381.73. Within the index, 27 stocks fell, 12 rose and 11 were unchanged. Turnover was $103 million. SkyCity, the Auckland-based casino and hotel company, fell 3.4 percent to $3.41 after deputy auditor-general Phillippa Smith said her office wi...

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Markets market close
NZ sharemarket rebounds with Wall Street rally
Dan Brunskill | Mon, 27 Jun 2022

US markets rallied on Friday night as traders began thinking an economic slowdown would stop the US Federal Reserve from hiking interest rates.

Policy
Political donations over $5k to require declaration
Staff reporters | Mon, 27 Jun 2022

The changes require disclosure of donor identities for any party donations over $5,000 versus the current $15,000. 

Law & Regulation
Public class action fund needed: Law Com
Victoria Young | Mon, 27 Jun 2022

The Law Commission has finalised its report into class actions and litigation funding.

Sponsored
Investments to sustain the momentum of building in NZ

Classic Capital has opened its Land & Build fund to qualified wholesale and eligible investors.

Sponsored
High water marks: Watercare raises the tide on sustainability

The No.1 barrier to decarbonisation for NZ organisations is accurate measurement, says Microsoft’s Accelerating the Journey to Net Zero report.