MARKET CLOSE: NZ shares down, Mercury and Xero fall while Metro Glass, Air NZ rise

Wed, 01 Mar 2017

By Sophie Boot March 1 (BusinessDesk) - New Zealand shares dipped, with Mercury New Zealand and Xero falling, while Metro Performance Glass and Air New Zealand gained. The S&P/NZX 50 Index dropped 18.68 points, or 0.3 percent, to 7,148.78. Within the index, 27 stocks dropped, 19 rose and four were unchanged. Turnover was $123.3 million. "We saw some very sharp share price movements at the end of the month, as we're wont to do in New Zealand, unbridled flows from ETFs and the like into this market," said Matt Goodson, managing director...

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