MARKET CLOSE: NZ shares down on Genesis, Mainfreight falls, Xero bounces

Wed, 15 Nov 2017

By Sophie Boot Nov. 15 (BusinessDesk) - The New Zealand benchmark index dipped back below 8,000 as Genesis Energy and Mainfreight dropped, while Xero recovered somewhat from recent selling. The S&P/NZX50 Index fell 8.06 points, or 0.1 percent, to 7,999.94. Within the index, 23 stocks fell, 19 rose and eight were unchanged. Turnover was $186 million. Metro Performance Glass led the index lower, down 4.4 percent to 86 cents, while Genesis dropped 3.5 percent to $2.375. David Price, broker at Forsyth Barr, said Genesis had released month...

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