NZ consumer staples, travel-tourism stocks plunge as Auckland returns to lockdown

Millennium & Copthorne Hotels New Zealand

12/08/2020 01:55

** Shares of New Zealand's consumer staples and
tourism-related companies tumble after the Pacific island nation
locks down its biggest city, Auckland, following new cases of
COVID-19 that ended a 102-day record run without any new
infections  urn:newsml:reuters.com:*:nL4N2FD490
    ** New Zealand's benchmark index  .NZ50  down up to 2.6%,
with travel services provider Tourism Holdings Ltd  THL.NZ 
leading the decline
    ** THL dived 10.6%, marking its biggest intraday pct drop
since June 12, after co says its Albany sales centre will be
closed to customers due to the lockdown  urn:newsml:reuters.com:*:nNZW7RhrD2
    ** Flag carrier Air New Zealand  AIR.NZ  slides 11.3% to its
lowest since May 18
    ** Skycity Entertainment Group  SKC.NZ  skid 5.6%, after the
casino operator announces closing of its flagship Auckland
casino and entertainment facilities  urn:newsml:reuters.com:*:nFWN2FD1E0
    ** Travel equipment retailer Kathmandu Holdings  KMD.NZ 
falls 8.7%, while food retailer Restaurant Brand New Zealand Ltd
 RBD.NZ  shed 4.8%
    ** Hotel operator Millennium & Copthorne Hotels New Zealand
Ltd  MCK.NZ  sees worst day since April 3, after co announces
closing of its Copthorne Hotel Auckland City  urn:newsml:reuters.com:*:nNZWsx5tq
    
    

 (Reporting by A K Pranav in Bengaluru)
 ((Pranav.AK@thomsonreuters.com; Twitter: https://twitter.com/AKPranav1))