MARKET CLOSE: NZ shares drop 1% on global selloff, led by Synlait, Sky TV; CBL meeting delayed

Fri, 23 Mar 2018

By Sophie Boot March 23 (BusinessDesk) - New Zealand's NZX 50 Index dropped nearly 1 percent on global trade news, with Synlait Milk and Sky Network Television suffering while CBL remained in a trading halt as its administrators gained more time to consider its finances. The NZX 50 fell 85.45 points, or 0.99 percent, to 8,515.36. Within the index, 39 stocks were down, seven were unchanged and four rose. Turnover was $106 million. Global equity markets have fallen on concerns a trade war may emerge after US President Donald Trump announ...

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