Jan 26 (Reuters) - Industrial and tourism-related stocks
pressured New Zealand shares on Tuesday, amid muted trading, as
Australian equity markets were shut for a holiday.
New Zealand's benchmark S&P/NZX 50 index fell 0.6%
to end at 13,323.46 points, with trading volumes at over
two-third of the 30-day average.
New Zealand confirmed on Monday that a 56-year old woman had
contracted COVID-19, marking its first coronavirus case in
several months, leading neighbouring Australia to suspend a
travel bubble with the country for 72 hours.
Auckland International Airport Ltd lost 2.8%, Air
New Zealand fell 1.2%, while motorhomes rental company
Tourism Holdings lost 1.6%.
"Aviation stocks would be affected if borders have to stay
closed for longer, especially with Australia stopping any New
Zealand flights into their country. So there is a little bit of
nervousness in that sector," said Grant Williamson, investment
adviser at Hamilton Hindin Greene.
Power retailers Contact Energy, Meridian Energy
and Mercury NZ, among the top percentage
losers, were down between 3.7% and 2.3%.
The ASX200 index did not trade on account of the
Australia Day holiday.
(Reporting by Harish Sridharan in Bengaluru; Editing by Amy