MARKET CLOSE: NZ shares subdued as China trade tensions weigh; Sky TV falls

Mon, 18 Feb 2019

By Paul McBeth Feb. 18 (BusinessDesk) - New Zealand shares edged lower in subdued trading as fears over the country's trade relations with China unnerved investors. Property For Industry fell after its earnings missed expectations, while Port of Tauranga hit a new record when upgrading its annual earnings guidance. The S&P/NZX 50 index decreased 0.21 points, or 0.002 percent, to 9,245.44. Within the index, 29 stocks fell, 16 gained, and five were unchanged. Turnover was $89.8 million, with just five companies trading on volumes of more th...

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