NZ shares fall for sixth session

Mon, 18 Jan 2021

New Zealand shares declined for a sixth day as investors continued to pare back the holiday rally which drove renewable energy firms to record highs. The S&P/NZX 50 Index fell 186.33 points, or 1.4 percent, to 12,838.36. Within the index, 34 stocks fell, 11 rose and five were unchanged. Turnover was $108.5 million.Today’s decline pulled the benchmark index 5.3 percent below the all-time high reached on Jan. 8 and down 1.8 percent this year. Renewable energy generator Meridian Energy remained the biggest drag on the market, s...

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