MARKET CLOSE: NZ shares dip; Summerset sales fall short of expectations

Mon, 08 Jul 2019

By Paul McBeth July 8 (BusinessDesk) - New Zealand shares edged lower in light trading, led lower by Summerset Group after quarterly sales figures kept investors wary about the outlook for retirement stocks. The S&P/NZX 50 Index decreased by 9.49 points, or 0.1 percent, to 10,605.98. Within the index, 24 stocks fell, 20 rose, and six were unchanged. Turnover was $79.2 million, with four companies trading on volumes of more than a million shares. Summerset led the market lower, down 3.3 percent at $5.55 on a volume of 238,000 shares,...

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