MARKET CLOSE: NZ shares mixed, Air NZ hits 2yr low while Tegel, Fletcher gain

Thu, 13 Oct 2016

By Sophie Boot Oct. 13 (BusinessDesk) - New Zealand shares were mixed as Air New Zealand hit a two-year low in the face of increased competition, while Tegel Holdings and Fletcher Building climbed. The S&P/NZX50 Index gained 12.6 points, or 0.2 points, to 7,120.05. Within the index, 25 stocks fell, 13 rose and 12 were unchanged. Turnover was $131.7 million. Air New Zealand was the worst performer on the index, down 4.7 percent to $1.715, and down 32 percent this year. "There are really three headwinds they're facing," said Matt Good...

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