MARKET CLOSE: NZ shares fall as US-China trade concerns weigh on markets; Ryman slips

MARKET CLOSE: NZ shares fall as US-China trade concerns weigh on markets; Ryman slips
Paul McBeth
New Zealand shares joined the lull across Asia-Pacific markets as investors grow increasingly pessimistic about China-US trade relations. Ryman Healthcare fell on disappointment that its earnings forecast wasn't stronger. The S&P/NZX 50 Index declined 17.33 points, or 0.2 percent, to 10,958.16. Within the index, 35 stocks fell, 11 rose, and four were unchanged. Turnover was $152.7 million. Stocks across Asia were weaker on fears an initial trade deal between China and the US would slip into next year. Investors had hoped it would be done...

More Markets

Volatile stocks drive NZ sharemarket down nearly 0.5%
Markets Market Close

Volatile stocks drive NZ sharemarket down nearly 0.5%

The S&P/NZX 50 Index closed at 12.844.59, declining 60.45 points or 0.47%.

Lyttelton Port result improves but CEO says it's not enough
Infrastructure

Lyttelton Port result improves but CEO says it's not enough

The CEO says Lyttelton Port does not generate sufficient returns on its capital base. 

Sky CFO Ciara McGuigan resigns in surprise departure
Markets

Sky CFO Ciara McGuigan resigns in surprise departure

Embattled broadcaster Sky TV is losing its chief financial officer with immediate effect.The pay-TV operator, facing a barrage of customer anger over poor satellite reception in recent weeks, announced the resignation of Ciara McGuigan on Wednesday.Her departure, effective immedi...

Ex-contractors reveal Harvey Norman business model pressures
Retail Exclusive

Ex-contractors reveal Harvey Norman business model pressures

The promise of big money can require extreme flexibility from ‘proprietors’.