NZ shares fall as Air NZ shares and rights slip

Wed, 06 Apr 2022

New Zealand's benchmark share index dipped lower on Wednesday as investors sold Air New Zealand shares and rights in high volumes.The S&P/NZX 50 Index fell 42.08 points, or 0.4%, to 12,079.30. Turnover was $188 million.Air NZ was the most traded stock by volume with more than 12m shares changing hands, with Air NZ rights coming just behind with 10.3m shares traded.Most retail investors received their rights this morning and were able to trade or exercise them for the first time today.The rights – which trade under the ticker AIRRG...

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