NZ shares fall as Air NZ goes ex-rights

Mon, 04 Apr 2022

New Zealand headline share index fell Monday, led lower by Air NZ which fell sharply as shares lost the right to participate in the capital raise at a discounted price.The S&P/NZX 50 Index 36.24 points, or 0.3%, to 12,053.19. Turnover was $135.7 million.Air NZ had the biggest headline loss, plunging 22.2% to 90.5 cents with shares no longer giving the holder the right to participate in the capital raise.Investors who bought the stock before market close on Friday will have a right to buy two more shares for 53 cents each.They can also choos...

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