MARKET CLOSE: NZ shares mixed as Kathmandu jumps on strong sales; Ryman dips

Fri, 23 Nov 2018

By Paul McBeth Nov. 23 (BusinessDesk) - New Zealand shares were mixed, as strong sales buoyed Kathmandu while slowing property markets were seen weighing on Ryman Healthcare. Fletcher Building bounced back from a 14-year low. The S&P/NZX 50 index decreased 1.78 points, or 0.02 percent, to 8,701.38. Within the index, 22 stocks fell, 22 gained and six were unchanged. Turnover was $166 million, of which Fletcher accounted for $70.5 million. Kathmandu rose 12 percent to $2.78 on larger volumes than usual. The outdoor equipment chain beat...

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