MARKET CLOSE NZ shares drift in light trading; A2, Michael Hill fall

Tue, 08 Oct 2013

Oct. 8 (BusinessDesk) – New Zealand shares fell in subdued trading as the US budget standoff discouraged investors from making big bets on the direction of markets. A2 Corp and Michael Hill International were among leading decliners while Pumpkin Patch advanced. The NZX 50 Index fell 17.366 points, or 0.4 percent, to 4738.678. Within the index, 28 stocks fell, 12 rose and 10 were unchanged. Turnover was a lower-than-average $89.6 million. Bloomberg reported that Japan and China, the two biggest foreign creditors of the US, have expressed con...

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