MARKET CLOSE: NZ shares drop, led by ANZ, Westpac

Fri, 01 Apr 2016

By Sophie Boot April 1 (BusinessDesk) - New Zealand shares fell, dragged down by dual-listed Australia & New Zealand Banking Group and Westpac Banking Group and softness in prices for several leading New Zealand stocks. The S&P/NZX 50 lost 44.4 points, or 0.7 percent, to 6,708.02, Within the index, 24 stocks fell, 22 rose and four were unchanged. Turnover was $189.5 million. The local market faltered after capping off the first quarter yesterday with a 6.8 percent gain for the year so far. The market has rallied after the Reserve Bank...

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