NZX 50 slips as Auckland airport shares rise
The S&P/NZX 50 dipped at lunchtime and closed at 11,690.34, down 25.4 points or 0.22%. The index fell nearly 1.8% for the week.
There were 61 gainers and 66 decliners on the main board, with 33.6 million shares worth $138.34m changing hands.
Auckland International Airport was up just a couple of cents but when the two-day council debate to balance the budget ended, the airport’s share price finished at $8.75, up 17c or 1.98% on trade worth $14.69m.
The airport, the third-biggest local stock on market capitalisation, traded between a low of $8.505 and a high of $8.75 during the day. At current prices, the council would receive about $865m for its parcel of shares.
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