MARKET CLOSE: NZ shares fall; Gentrack sinks on weaker earnings

Fri, 24 May 2019

By Paul McBeth May 24 (BusinessDesk) - New Zealand shares fell, led by Gentrack, after the utilities software developer was among companies reporting weaker than expected earnings today. The S&P/NZX 50 Index fell 41.05 points, or 0.4 percent, to 10,222.36. Within the index, 27 stocks fell, 13 rose, and 10 were unchanged. Turnover was $165.6 million, of which SkyCity Entertainment Group accounted for $38.3 million. Gentrack led the market lower, dropping 6.3 percent to $5.23 on a volume of 101,000 shares, more than its 90-day average...

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