MARKET CLOSE: NZ shares down, Xero and A2 drop while Scales, Chorus rise

Tue, 05 Dec 2017

By Sophie Boot Dec. 5 (BusinessDesk) - New Zealand shares fell, led lower by Xero and A2 Milk Co, while Scales Corp gained after a guidance update. The S&P/NZX50 Index dropped 8.66 points, or 0.1 percent, to 8,176.21. Within the index, 23 stocks fell, 21 rose and six were unchanged. Turnover was $136 million. Xero led the index lower, down 2.6 percent to $30.96, while A2 Milk Co fell 2.2 percent to $8.12 and Kathmandu Holdings declined 2 percent to $2.40. Scales Corp rose 1.5 percent to $3.95. The company now expects full-year earni...

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