NZ shares edge up in light trading, led by Air NZ, Fletcher

New Zealand shares barely moved in quiet trading, with Air New Zealand and Fletcher Building leading gains while Xero declined.

The S&P/NZX 50 index rose 7.34 points, or 0.1 per cent, to 7,440.08. Within the index, 21 stocks rose, 21 fell and eight were unchanged.

Turnover was $131.1 million (£103.43 million).

Trading was quiet for a second day, having been muted when much of Australia was closed for a public holiday yesterday.

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