New Zealand shares were flat today, as Synlait Milk and A2 Milk broke new records on regulatory approval to retain Chinese market access.
Z Energy dropped after missing heightened expectations on its bigger dividend policy.
The S&P/NZX 50 Index dipped 0.16 points, or 0.002 per cent, to 7913.62. Within the index, 26 stocks fell, 19 rose and five were unchanged. Turnover was $204 million.
Z Energy led the index lower, down 3 per cent to $7.39.
At an investor briefing, it said it anticipated paying bigger dividends to shareholders under a new policy, paying between 80 per cent and 100 per cent of free cash flow in the 2019 to 2021 financial years.