MARKET CLOSE: NZ shares dip; Kiwi Property capital raising hogs the headlines

Wed, 30 Oct 2019

New Zealand shares dipped as Kiwi Property Group's plans to raise up to $210 million kept investors busy ahead of the US Federal Reserve's policy review overnight and a slew of local company earnings and annual meetings tomorrow. The S&P/NZX 50 Index decreased 4.21 points, or 0.04 percent, to 10,789.54. Within the index, 28 stocks fell, 16 rose, and six were unchanged. Turnover was $172.1 million. Property stocks were generally weaker as investors cleared out their portfolios to make way for Kiwi Property's capital raising. The owner of...

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