MARKET CLOSE: NZ shares dip: blue-chips give up recent gains, Infratil sheds dividend

Thu, 20 Jun 2019

By Paul McBeth June 20 (BusinessDesk) - New Zealand shares fell as blue-chip stocks trading near record-highs gave up some of their recent gains. Infratil led the market lower after shedding rights to its final dividend. The S&P/NZX 50 Index decreased 14.07 points, or 0.1 percent, to 10,290.76. Within the index, 32 stocks fell, 16 rose, and two were unchanged. Turnover was $125.8 million. The local market was one of just four benchmark indices in the red across Asia, with equities generally stronger in the wake of a Federal Reserve p...

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