MARKET CLOSE: NZ shares down, falls led by Tilt, Orion, TradeMe

Wed, 02 Nov 2016

By Sophie Boot Nov. 2 (BusinessDesk) - New Zealand shares dropped over a percent as investors felt pre-US election jitters, with Tilt Renewables, Orion Health Group and Trade Me Group leading the index lower. The S&P/NZX50 Index dropped 76.75 points, or 1.1 percent, to 6,853.74. Within the index, 29 stocks fell, 12 rose and 10 were unchanged. Turnover was $150.3 million. "There's pretty broad selling, and it's all pre-election risk-off in heightened uncertainty," said Daniel Metcalfe, senior investment advisor at OMF. "The market's ha...

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