|Published : 20 Apr 2017, 14:25:57|
New Zealand shares edge lower
New Zealand shares edged lower on Thursday. The benchmark S&P/NZX 50 index lost 0.22 per cent, or 15.56 points, to 7202.95 at 0249 GMT.
Data showed the inflation in the country rose to its highest in five years in the first quarter due to temporary gains from higher oil and food prices.
Consumer and Industrial stocks weighed on the index. A2 Milk Company Ltd was the top loser, falling 2.2 per cent, reports Reuters.