MARKET CLOSE: NZ shares fall; Trustpower, Kiwi Property drop while Fletcher, a2 gain

Tue, 30 Jan 2018

By Sophie Boot Jan. 30 (BusinessDesk) - New Zealand shares fell, led by Trustpower and Kiwi Property Group, while Fletcher Building and a2 Milk gained. The S&P/NZX 50 Index dropped 29 points, or 0.3 percent, to 9,298.58. Within the index, 24 stocks fell, 16 rose and 10 were unchanged. Turnover was $131 million. "Offshore leads were pretty weak, we've seen Asian markets trade lower right across the board and we're faring relatively well," said Peter McIntyre investment adviser at Craigs Investment Partners. "It's the biggest negative da...

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