Business

NZ shares drop in first trading day of 2019

New Zealand shares fell in the first trading of 2019, led lower by Kathmandu Holdings, which was punished for posting weaker-than-expected Christmas sales. 

The S&P/NZX50 dropped 78.9 points, or 0.9 percent, to 8,732.37. Within the index, 38 stocks fell, six rose, and six were unchanged. Turnover was $85.6 million. 

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