MARKET CLOSE: NZ shares flat, TradeMe and Infratil fall while Metro Glass gains

Thu, 20 Oct 2016

By Sophie Boot Oct. 20 (BusinessDesk) - New Zealand shares were flat as investors saw no reason to buy, with Trade Me Group dropping alongside Infratil and Summerset Group Holdings while Metro Performance Glass rose. The S&P/NZX50 dropped 2.76 points, or 0.04 percent, to 6,973.78. Within the index, 24 stocks rose, 18 fell and eight were unchanged. Turnover was $158.9 million. "There's no real reason for offshore investors to own stocks if they're concerned about where the market is heading, they're just paying dividends and they can al...

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