MARKET CLOSE: NZ shares drop as Orion suffers on strong kiwi; Warehouse, Hallensteins gain

Fri, 23 Sep 2016

By Sophie Boot Sept. 23 (BusinessDesk) - New Zealand shares fell, led by Orion Health Group as the export-focused software developer contends with a strong kiwi dollar, while Warehouse Group and Hallensteins Glasson Holdings gained on their earnings. The S&P/NZX 50 Index dropped 14.98 points, or 0.2 percent, to 7,296.73. Within the index, 24 stocks fell, 18 rose and eight were unchanged. Turnover was $154.6 million. "Even offshore strength is not having any effect on investors continuing to take profits on the local market," said Gra...

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