New Zealand share edges lower

Dhaka,  Sun,  28 May 2017
Published : 12 May 2017, 14:41:16
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New Zealand share edges lower

New Zealand share edges lower
New Zealand shares were slightly lower on Friday. The benchmark S&P/NZX 50 index dipped 0.3 per cent, or 20.08 points, to 7,469.63.

Most real estate stocks were in the red after data from the Real Estate Institute of New Zealand showed that the pace of house price growth in the country slowed in April.

A2 Milk Ltd was the biggest drag, falling as much as 5.8 per cent to record its biggest intra-day percentage fall in eleven weeks. The dairy company had touched a record high in the earlier session.

In other stocks, Kathmandu Holdings fell 4.3 per cent while Freightways Ltd was 1.4 per cent lower, according to Reuters.
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