MARKET CLOSE: NZ shares touch new record as Air NZ flies to 16-year high; Spark, Ryman weigh

Tue, 20 Jun 2017

By Paul McBeth June 20 (BusinessDesk) - New Zealand shares touched a new record as Air New Zealand rose to a 16-year high, but finished the day flat as weaker blue chip stocks including Ryman Healthcare, Spark New Zealand and Auckland International Airport weighed on the bourse. The S&P/NZX 50 index dipped 5.5 points, or 0.07 percent, to 7586.53, having touched a new intraday record 7613.19. Within the index, 20 stocks rose, 21 fell and nine were unchanged. Turnover was $128 million. Blue chip stocks Ryman Healthcare fell 1.4 percent...

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