New Zealand Stocks Fall 0.2%

Dow Jones
Aug 11

This article was automatically generated by Dow Jones using technology from Automated Insights.

Stocks in New Zealand slipped Tuesday, as the S&P/NZX 50 Index declined 0.2% to 13860.66.

Among local companies with a market cap of at least 1.5 billion New Zealand dollars ($883.6 million), Vector was the biggest laggard, falling 2.0%, followed by shares of Ryman Healthcare, which dropped 1.9%. Shares of Mercury NZ declined 1.6%.

Fletcher Building was the biggest leader during the session, increasing 2.2%, and Precinct Prop New Zealand gained 1.9%. Chorus rounded out the top three movers, as shares gained 1.5%.

On the currency front, the WSJ Dollar Index was flat at 96.14. The New Zealand dollar strengthened 0.1% against the U.S. dollar to 58.90 U.S. cents.

In the bond markets, the 10-year New Zealand government bond yield increased 1.19 basis points to 4.698%.

Data source: Dow Jones Market Data, FactSet

 

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