MARKET CLOSE: NZ shares fall, weighed by Comvita and Tegel

Fri, 05 May 2017

By Rebecca Howard May 5 (BusinessDesk) - New Zealand shares inched lower, led by manuka honey producer Comvita on jitters related to the discovery of a fungal plant and as Tegel Group declined on news its chairman was leaving after less than a year in the job. Gains in Air New Zealand helped offset the fall as the local market outperformed Australia. The S&P/NZX 50 index fell 13 points, or 0.2 percent, to 7,365.50 Within the index, 32 stocks fell, 12 gained and six were unchanged. Turnover was $113 million. "The market has been relat...

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