MARKET CLOSE NZ shares mixed in post-results hiatus; Mainfreight down, AIA up

Fri, 22 Mar 2013

March 22 (BusinessDesk) – New Zealand shares were mixed in the post-earnings, ex-dividend hiatus. Mainfreight extended its decline after saying earnings would miss estimates and Auckland International Airport rose after reporting monthly passenger growth. The NZX 50 Index edged up 0.38 points, or 0.01 percent, to 4342.88. Within the index, 23 stocks fell, 16 rose and 11 were unchanged. Turnover was $114 million. Mainfreight, the global transport group, declined 2.7 percent to $10.90. Yesterday it said operating earnings will be flat for the...

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