NZ shares slide into the weekend

DGL has announced it will abandon its dual listing and be listed only on the ASX. (Image: DGL)

Fri, 27 May 2022

New Zealand’s benchmark equity index fell marginally on Friday, bringing the full week decline to roughly 1.8%.The S&P/NZX 50 Index fell 38 points, or 0.3%, to 11,065.15. Turnover was $112.1 million.Fleet management company Eroad led the decline for a second day, falling 7.4% to $2.52 as investors continued to react to the company underperforming expectations in its full year result.Jarden analyst Guy Hooper lowered his target price by 70c, bringing it down to $3 with a ‘neutral’ rating.The established and profitable NZ bu...

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