MARKET CLOSE: NZ shares decline as sentiment wanes in quiet market

MARKET CLOSE: NZ shares decline as sentiment wanes in quiet market
By Tina Morrison July 11 (BusinessDesk) - New Zealand shares declined, tracking US and European equities lower as sentiment waned on concern about the euro-zone's financial stability after a major Portuguese bank missed debt payments. The NZX 50 Index slid 27.421 points, or 0.535 percent, to 5,100.592. Within the index, 30 stocks fell, nine rose, and 11 were unchanged. Turnover was $81.3 million. In northern hemisphere trading overnight, shares of Portugal’s Banco Espirito Santo plummeted 17 percent amid concern about missed debt payme...