MARKET CLOSE: NZ shares tread water, Air NZ falls as Qantas signals weak demand

Mon, 18 Apr 2016

By Sophie Boot April 18 (BusinessDesk) - New Zealand shares rose to a fresh high in light trading as the local index outperformed Asian markets. SkyCity Entertainment Group gained while Air New Zealand dropped, following ASX-listed Qantas Airways lower. The S&P/NZX 50 Index gained 6.46 points, or 0.1 percent, to 6,851.2. Within the index, 21 stocks rose, 18 fell and 10 were unchanged. Turnover was $113 million. Other markets across Asia traded lower this afternoon, as oil futures plunged after producers' talks in Doha failed to reach a...

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