MARKET CLOSE: NZ shares mixed; smaller dividends drag down NZ Refining, Comvita

Tue, 23 Aug 2016

By Paul McBeth Aug. 23 (BusinessDesk) - New Zealand shares were mixed as dividend payments weighed on investors' minds, with smaller payments from NZ Refining and Comvita dragging down those stocks and a bigger payment for Fliway Group stoking demand for the logistics company. The S&P/NZX index increased 5.17 points, or 0.1 percent, to 7,467.33. Within the index, 27 stocks gained, 19 fell and five were unchanged. Turnover was $155.4 million. New Zealand's stock market has been trading near record highs as investors in search of yield...

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