MARKET CLOSE: NZ shares drop following Wall St selloff; Pushpay, F&P Healthcare, a2 fall

Mon, 05 Feb 2018

By Jonathan Underhill Feb. 5 (BusinessDesk) - New Zealand shares fell following a selloff on Wall Street on Friday, with index futures pointing to further US weakness. Pushpay Holdings, Kathmandu Holdings, Synlait Milk, Summerset Group, Fisher & Paykel Healthcare, a2 Milk and Ebos Group all dropped more than 3 percent. The benchmark S&P/NZX 50 Index fell 173.46 points, or 2.1 percent, to 8,241.83. Within the index, 49 stocks declined, none rose and one was unchanged. Turnover was $92 million. "It's a pretty broad-based pullback," said...

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