New Zealand Stocks Decline 0.7% in Early Trading

Dow Jones
Aug 06

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

Stocks in New Zealand slipped during early trading Thursday, as the S&P/NZX 50 Index declined 0.7% to 13894.79.

Among local companies with a market cap of at least 1.5 billion New Zealand dollars ($882.6 million), Fletcher Building is the biggest early laggard, falling 1.6%, followed by shares of Vital Hlthcr Property Tr, which slipped 0.8%. Shares of A2 Milk slipped 0.7%.

Precinct Prop New Zealand is the biggest leader this morning, rising 1.9%, and Fisher & Paykel Health rose 1.7%. Ryman Healthcare rounds out the top three movers, as shares rose 1.5%.

On the currency front, the WSJ Dollar Index was flat at 96.00. The New Zealand dollar weakened 0.1% against the U.S. dollar to 58.84 U.S. cents.

In the bond markets, the 10-year New Zealand government bond yield fell 7.07 basis points to 4.679%.

Data source: Dow Jones Market Data, FactSet

 

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