MARKET CLOSE: NZ shares drop as Brexit fears ease; Tegel, Auckland Airport, Xero fall

Wed, 22 Jun 2016

By Sophie Boot June 22 (BusinessDesk) - New Zealand shares dropped as fears the UK will exit the European Union continued to dissipate, prompting some offshore investors to exit what they'd seen as a relatively safe haven market. Auckland International Airport, Xero and Tegel Group declined. The S&P/NZX 50 Index fell 57.67 points, or 0.8 percent, to 6,781.73. Within the index, 33 stocks fell, 11 were unchanged and six rose. Turnover was $160.4 million. "What we've seen is a continuation of yesterday - with market views to Brexit chang...

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