MARKET CLOSE: NZ shares snap six-day gain as kiwi weighs on F&P, A2; Skellerup gains

Thu, 14 Feb 2019

By Paul McBeth Feb. 14 (BusinessDesk) - New Zealand shares fell, snapping a six-day run of gains, as a stronger kiwi dollar weighed on exporters such as Fisher & Paykel Healthcare and A2 Milk. Skellerup bucked the trend, gaining after it reported increased earnings. The S&P/NZX 50 index fell 48.46 points, or 0.5 percent, to 9,284.92. Within the index, 24 declined, 23 rose and three were unchanged. Turnover was $132.9 million. Exporters were largely weaker, with a stronger kiwi dollar weighing on their earnings. The New Zealand dollar...

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