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

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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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