New Zealand Refining Co falls most in 6 months as volumes disappoint

Channel Infrastructure NZ

21/09/2021 04:05

** Shares of New Zealand Refining Company Ltd  NZR.NZ  fall
as much as 4.35% to NZ$0.880, set for sharpest intraday pct drop
since March 10
    ** Says https://bit.ly/3kqLGBb July-August throughputs of
2.4 Mbbls at its Refinery Auckland Pipeline (RAP) were higher
than same period last year but about 29% lower than 2019
    ** RAP volumes lower in August than May-June due to Level 4
lockdown in New Zealand and closure of Australia-New Zealand
travel bubble
    ** NZR's shares trade at lowest since Aug 25; About 1.3 mln
shares change hands, 1.8 times the 30-day avg volume of 1.1 mln
    ** Stock has risen 21.6% so far this year

 (Reporting by Aneetta Thomas in Bengaluru)
 ((Aneetta.Thomas@thomsonreuters.com;))