New Zealand Stock Markets
New Zealand shares fell, on weak offshore leads and local stocks
giving up dividend rights, with Sky Network Television, New Zealand
Refining Co and Mercury New Zealand declining.
The S&P/NZX50 Index dropped 40.51 points, or 0.5 percent, to 8,432.63. Within the index, 21 stocks fell, 21 were unchanged, and eight rose. Turnover was $154 million.
The ASX 200 was down 0.8 percent, Hong Kong's Hang Seng had fallen 1.3 percent and Japan's Nikkei 400 had dropped 0.7 percent.
Sky Network Television was the worst performer on the local index, down 5.8 percent, or 13 cents, to $2.11. It gave up rights to a 7.5 cent interim dividend.
New Zealand Refining Co fell 4.5 percent, or 11 cents, to $2.35. It shed a 12 cent final dividend. Other benchmark index stocks to give up dividends today were Mercury New Zealand, which dropped 4.5 cents to $3.225, compared to its 6 cents per share interim dividend; Investore Property, which dropped 3 cents to $1.38 while shedding a 1.86 cent dividend; Vital Healthcare, which dropped 1 cent to $2.12, compared to its 2.125 cent dividend; and Metlifecare, which shed 1 cent to $5.84 while dropping a 3.25 cent dividend.
Synlait Milk was the best performer, up 2.3 percent to $8.08. Heartland Bank rose 1.7 percent to $1.80 and Z Energy gained 1.2 percent to $6.95.
Outside the benchmark index, Trilogy International gained 2.2 percent to $2.83. It is set to de-list from NZX with shareholders backing a $211 million takeover from China's Citic Capital Partners at today's special meeting. The deal will see the Chinese investment firm pay $2.90 a share to take over the listed skincare products and scented candle maker.
The S&P/NZX50 Index dropped 40.51 points, or 0.5 percent, to 8,432.63. Within the index, 21 stocks fell, 21 were unchanged, and eight rose. Turnover was $154 million.
The ASX 200 was down 0.8 percent, Hong Kong's Hang Seng had fallen 1.3 percent and Japan's Nikkei 400 had dropped 0.7 percent.
Sky Network Television was the worst performer on the local index, down 5.8 percent, or 13 cents, to $2.11. It gave up rights to a 7.5 cent interim dividend.
New Zealand Refining Co fell 4.5 percent, or 11 cents, to $2.35. It shed a 12 cent final dividend. Other benchmark index stocks to give up dividends today were Mercury New Zealand, which dropped 4.5 cents to $3.225, compared to its 6 cents per share interim dividend; Investore Property, which dropped 3 cents to $1.38 while shedding a 1.86 cent dividend; Vital Healthcare, which dropped 1 cent to $2.12, compared to its 2.125 cent dividend; and Metlifecare, which shed 1 cent to $5.84 while dropping a 3.25 cent dividend.
Synlait Milk was the best performer, up 2.3 percent to $8.08. Heartland Bank rose 1.7 percent to $1.80 and Z Energy gained 1.2 percent to $6.95.
Outside the benchmark index, Trilogy International gained 2.2 percent to $2.83. It is set to de-list from NZX with shareholders backing a $211 million takeover from China's Citic Capital Partners at today's special meeting. The deal will see the Chinese investment firm pay $2.90 a share to take over the listed skincare products and scented candle maker.
This comment has been removed by a blog administrator.
ReplyDelete