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The Financial Express

New Zealand shares slip

Published: December 18, 2017 11:13:00 | Updated: December 18, 2017 16:29:29


New Zealand shares slip

New Zealand shares slipped on Monday as utility stocks weighed on the markets, with sentiment boosted by expectations US lawmakers will pass a long-awaited tax bill.

The benchmark S&P/NZX 50 index slipped 0.1 per cent, or 11.13 points, to 8,349.73, reports Reuters.

Contact Energy was the benchmark’s main drag, falling as much as 2.3 per cent after it reported sales figures for November which fell year-on-year.

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