Shares in NZ Refining have fallen a further 50c in early trading, after the company yesterday said it would not be paying an interim dividend and warned it expected to make a loss in the second half.
Today’s early 7.7 per cent decline to $6.00 in NZ Refining’s stocks on the New Zealand sharemarket followed a 40c fall yesterday.
Goodman Property Trust was down 3c early to $1.00 after the Goodman Group reported shortly before the market opened that it was reducing its interest in the trust from 28 per cent to 17 per cent, realising A$72 million ($89.3m) from the partial sale.
Shares in casino operator Sky City were unchanged …
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