MARKET CLOSE: NZ stocks down, Orion falls while Mainfreight gains on record profit

Tue, 30 May 2017

By Sophie Boot May 30 (BusinessDesk) - New Zealand shares were virtually unchanged today in weak trading, with Orion Health Group dropping on capital raising news while Mainfreight gained after posting a record annual profit. The S&P/NZX50 Index dropped 0.79 points, or 0.01 percent, to 7,411.95. Within the index, 21 stocks fell, 19 rose and ten were unchanged. Turnover was $114.6 million. "There's no catalyst really to drive activity, the market's just going through the motions a bit at the moment, just consolidating," said Grant Willi...

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