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.