The Financial Express

New Zealand shares end 2017 with solid annual gains

Published: December 29, 2017 14:32:02

NZ stocks dip, end 2017 with gains

New Zealand stocks dipped on Friday, the last trading of the day of the year, led by industrials and consumer staples, but still posted solid gains 2017, its best year since 2012.

The benchmark S&P/NZX 50 index fell 0.1 per cent or 10.45 points to finish the session at 8,398.080, according to Reuters.

However, the benchmark gained 22 per cent this year and extended its annual winning streak to a sixth consecutive year.

Auckland International Airport Ltd fell 1.3 per cent to its lowest since Dec. 5 and was the biggest drag on the benchmark.

New Zealand-listed shares of a2 Milk Company Ltd ended a stellar year in which it gained 278.9 per cent down 0.7 per cent.

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