New Zealand Stocks Decline 0.8%

Dow Jones08-28

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

Stocks in New Zealand slipped Friday, as the S&P/NZX 50 Index fell 0.8% to 13768.18.

Among local companies with a market cap of at least 1.5 billion New Zealand dollars ($893.9 million), Genesis Energy was the biggest laggard, falling 3.3%, followed by shares of Ryman Healthcare, which declined 2.8%. Shares of Meridian Energy declined 1.9%.

Fonterra Co-Operative Grp was the biggest leader during the session, rising 1.3%, and Ebos Group added 0.9%.

On the currency front, the WSJ Dollar Index held steady at 95.55. The New Zealand dollar strengthened 0.2% against the U.S. dollar to 59.59 U.S. cents.

In the bond markets, the 10-year New Zealand government bond yield increased 1.58 basis points to 4.756%.

Data source: Dow Jones Market Data, FactSet

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