MARKET CLOSE: NZ shares down, Mercury and Chorus weaken on international selling, Orion and Trilogy fall on earnings

Tue, 28 Nov 2017

By Sophie Boot Nov. 28 (BusinessDesk) - New Zealand shares dropped, led lower by big moves in Mercury New Zealand and Chorus, as Orion Health and Trilogy International dropped on first-half earnings. The S&P/NZX50 Index fell 34.61 points, or 0.4 percent, to 8,141.49. Within the index, 26 stocks fell, 14 rose and 10 were unchanged. Turnover was $239.8 million. "There have been a couple of reasonably big block trades that we've seen in the last while coming from offshore," said David Price, broker at Forsyth Barr. "Today we've had Choru...

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