New Zealand shares edge lower

Dhaka,  Monday,   2016-09-23
Published : 23 Sep 2016, 14:43:47 | Updated : 23 Sep 2016, 14:47:01

New Zealand shares edge lower

New Zealand shares edge lower
New Zealand edged lower on Friday after the US Federal Reserve's decision to stand pat on interest rates.

The benchmark S&P/NZX 50 index edged lower by 0.2 per cent, or 17.01 points, to 7,294.7.

Industrials, materials and telecom stocks were the biggest drag on the index.

Air New Zealand fell as much as 3.2 per cent to its lowest since May while Heartland Bank Ltd skidded 3.0 per cent.

Orion Health tumbled 4.6 per cent to hit a more-than five month low, according to a news agency.

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