New Zealand shares edge up

Dhaka,  Tue,  06 December 2016
Published : 28 Nov 2016, 15:09:30

New Zealand shares edge up

New Zealand shares edge up
New Zealand shares edged up on Monday as oil prices extended Friday's losses after disagreements between OPEC and non-OPEC crude exporters.

The benchmark S&P/NZX 50 index was flat, with an upside bias at 0.05 per cent or 3.34 points, finishing the session at 6,902.9, with utilities outperforming other sectors.

SKY Network Television was the biggest per cent gainer on the index, up 3.0 per cent.

Airlines company, Air New Zealand ended the session 2.0 per cent higher, after oil prices fell.

In the opposite direction, Orion Health plummeted to a four-and-half year low after recording an operating loss for the first-half of 2017, according to a news agency report.

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