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Tourism stocks pull sharemarket down on Covid-19 fears


“Our lead has been taken from the Aussie market and that is based around what is happening with Covid,” said Craigs Investment Partners investment adviser Peter McIntyre. “Investors are tending to be a little bit wary.
“There’s definitely a slightly more concerning feel about what may happen next and I think investors are just that little bit more cautious.”
Air New Zealand/Facebook
Tourism stocks weakened as investors were wary about the impact of Covid-19.
Tourism stocks declined. Tourism Holdings fell 3.1 per cent to $2.52, Auckland International Airport dropped 2.2 per cent to $7.255, and Air New Zealand slid 2.5 per cent to $1.535. ....

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Jarden Brief: A2 Milk slumps to lowest price in three years


Jarden Brief: A2 Milk slumps to lowest price in three years
18 May, 2021 08:26 PM
8 minutes to read
It has been a tough period for A2 Milk. Photo / File
NZ Herald
New Zealand
New Zealand equities ticked up 0.1 per cent yesterday with the S&P/NZX 50 closing at
12,428.6 points.
Top sector gains included industrials and utilities, each leading the way with 0.9 and 0.8 per cent increases, respectively.
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Index movements were well supported by the corporate travel service provider Serko, jumping 4.9 per cent ahead of its full-year earnings release later today. Joining Serko was property company Argosy Property (+4.7 per cent), which also expects to report its full year result today. ....

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