NZX 50 dips 10 points; Infratil climbs

The S&P/NZX 50 Index fell 11.8 points, or 0.1%, to 11,938.32. Turnover was $154 million.

The head of equities at Harbour Asset Management, Craig Stent, said it had been a quiet day on the local market, with Infratil’s investor day the only significant update.

“Outside of that, there’s very little that happened today. The market’s just been taking a lead from the offshore markets overnight which were a little bit softer,” Stent said.

Infratil downgraded the top end of its earnings guidance at its investor day, citing the ongoing impact on its Wellington Airport and diagnostic imaging businesses.