Record profits and losses on show in earnings results

Air New Zealand led the market lower today.

Thu, 18 Feb 2021

New Zealand's main share index dipped slightly after corporate earnings reports put the pandemic’s winners and losers on display. ANZ Bank chalked up record home loans, while Auckland International Airport had its first underlying loss since 1998. The S&P/NZX 50 Index fell 40.37 points, or 0.3%, to 12,633.60. Within the index, 29 stocks fell, 16 rose and five were unchanged. Turnover was $128.9 million.While the index rose 14% during 2020 amid the pandemic, the gains were not spread evenly across the market. Some stocks, part...

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