MARKET CLOSE Markets yawn as US shutdown deadline passes

Tue, 01 Oct 2013

Oct. 1 (BusinessDesk) – The New Zealand share market mirrored mixed fortunes across Asian markets as traders watched for the deadline to pass for resolution of the US budget impasse. The NZX50 Index was square, if slightly positive on the day, up 7.485 points, or 0.16 percent to 4,743.872, despite more stocks recording share price falls than rises. Within the index, 19 stocks rose, 21 stocks fell, and 10 stocks were unchanged. Turnover was low by usual daily standards at $85.6 million. “Markets have been yawning a bit,” said Andrew Bascand,...

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