The NZX dipped sharply on opening this morning – following yesterday’s ‘Black Monday’ in major foreign markets – with local transport shares somewhat influenced.
The market was down 2.4% on opening, and by 11am, a number of shares were still showing the effects.
Mainfrieght was sitting down 1.32% by that time, while the relatively freshly floated Freightways was down 2.99%.
Tracking solution provider Eroad was down 1.43%, while the port of Tauranga is down 0.9%.
Finance and auction group Turners was down 1.89%, while truck distributor and dealer, Colonial Motor Company, was unchanged.
