MARKET CLOSE: NZ shares decline as investors fret over looming Brexit vote

Fri, 17 Jun 2016

New Zealand shares slid as investors remain concerned the UK may vote to leave the European Union next week, potentially prompting other countries to leave the alliance and causing market turmoil. The S&P/NZX 50 Index shed 41.51 points, or 0.6 percent, to 6,847.06. Within the index, 30 stocks fell, 16 rose and four were unchanged. Turnover was $281.6 million. The country's benchmark index is heading for a second weekly decline, falling from record high levels, as investors favour safe haven assets such as bonds and gold due to fears that...

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