MARKET CLOSE NZ shares drop as new issues digested; Ebos, Metlifecare fall

Tue, 04 Jun 2013

June 4 (BusinessDesk) – New Zealand shares fell as the market digested a raft of placements recently from companies including Ebos Group and Metlifecare. Website search company SLI Systems, which listed last week, soared 22 percent. The NZX 50 Index fell 37.57 points, or 0.8 percent, to 4473.77. Within the index, 29 stocks fell, 12 rose and nine were unchanged. Turnover was $242 million. The benchmark index has declined 4.2 percent since reaching a record high last month as offshore investors took fright at a plunging kiwi dollar. “We’re see...

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