MARKET CLOSE: NZ shares dip as SkyCity result continues steady reporting season

Wed, 14 Aug 2019

By Paul McBeth Aug. 14 (BusinessDesk) - New Zealand shares dipped as the local reporting season continued to meet expectations with SkyCity Entertainment Group posting a small increase in underlying earnings and signalling growth in the current year. The S&P/NZX 50 Index decreased 5.01 points, or 0.05 percent, to 10,849.76. Within the index, 18 stocks fell, 25 rose, and seven were unchanged. Turnover was $137.6 million. SkyCity decreased 1 percent to $3.97, with 570,000 shares changing hands, less than its 90-day average of 789,000....

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