MARKET CLOSE: NZ shares edge lower as investors await earnings season

Fri, 09 Aug 2019

By Paul McBeth Aug. 9 (BusinessDesk) - New Zealand shares edged lower as investors prepare for earnings season to kick into life, with the outlook for dividends a key feature after the Reserve Bank's surprisingly steep rate cut this week. The S&P/NZX 50 Index decreased by 1.09 points, or 0.01 percent, to 10,873.21. Within the index, 24 stocks fell, 20 rose, and six were unchanged. Turnover was $114.2 million, with just five companies trading on volumes of more than a million shares. The benchmark index went through a volatile week as...

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