Two small shares add some market drama
The S&P/NZX 50 Index fell 9.6 points, or 0.1%, to 12,066.27. Turnover was $164 million.
Two smaller companies injected some drama into the otherwise quiet day, shares in Eroad plunged almost 15% after its founder and chief executive unexpectedly resigned.
Steven Newman co-founded sat-nav company Navman before moving to Eroad to become chief executive in 2007 but resigned today with immediate effect and no explanation.
Board chair Graham Stuart declined to comment to BusinessDesk this morning, saying he would prefer to address Eroad staff first.
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