Yield stocks sold off; Skellerup drops
New Zealand shares fell as diminishing expectations for interest rates to go lower sapped the appeal of companies held for their dividends such as Meridian Energy and Chorus. Skellerup led the index lower after reporting a record profit.
MORE»NZ shares gain as Ebos, Air NZ earnings meet expectations
New Zealand shares rose as the domestic earnings season continued, with Ebos Group and Air New Zealand meeting investors' expectations. Spark New Zealand rose for a second day on unusually large volumes.
MORE»Big Wednesday: A2 squeezed over margins; Fletcher and Spark shine
NZ shares sink as investors punish A2 over marginsNew Zealand shares dropped in one of the reporting season's busiest days as A2 Milk fell to a six-week low when its margins disappointed investors. Fletcher Building and Spark New Zealand both gained on their results.
MORE»Napier Port has promising debut; NZ shares rise
New Zealand shares rose as Napier Port Holdings climbed on debut, rising 13.5 percent to $3 from its IPO price of $2.60 a share.
MORE»NZ shares gain as tweaked earnings outlooks boost A2, weigh on Fletcher
New Zealand shares snapped a six-day decline, rising ahead of a flurry of company results this week as investors adjusted their earnings expectations to the benefit of A2 Milk and detriment of Fletcher Building.
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