MARKET CLOSE: NZ shares mixed, Orion Health, Tower lead index lower

Tue, 29 Nov 2016

By Sophie Boot Nov. 29 (BusinessDesk) - New Zealand shares were mixed with Orion Health Group and Tower dragging the index lower on their first-half earnings. The S&P/NZX 50 Index fell 1.22 points, or 0.02 percent, to 6,901.74. Within the index, 31 stocks gained, 18 fell and two were unchanged. Turnover was $168.5 million. Tower dropped 2.7 percent to 71.5 cents. The general insurer posted a wider annual loss of $22.3 million as it set aside $25.3 million for provisions due to the Canterbury earthquakes, and detailed plans to separate...

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