Auckland airport a bright note in a dull day on the NZ sharemarket

Auckland airport aside, the S&P/NZX 50 Index was sluggish all day and closed at 11,528.73, down 25.75 points or 0.22%. The index was up more than 0.5% for the week.

There were 45 gainers and 78 decliners over the whole market on trade of 136.83 million shares worth $995.29m.

Auckland council sold a 7% stake (103.09m shares) out of its 18% holding in Auckland airport at prices between $8.10 and $8.15 a share to reap $835.89m. 

Another $60.49m worth of airport shares were traded, and outside the sale, the daily volume on the index was $98.91m.