MARKET CLOSE: NZ shares drop, Orion Health and Xero lead index lower while Air NZ bounces

Tue, 27 Sep 2016

By Sophie Boot Sept. 27 (BusinessDesk) - New Zealand shares fell in school holiday trading, with Orion Health Group and Xero dropping while Air New Zealand bounced after recent losses. The S&P/NZX 50 Index dropped 11.95 points, or 0.2 percent, to 7,252.92. Within the index, 33 stocks fell, 12 rose and five were unchanged. Turnover was $120.9 million. Orion Health Group led the index lower, falling 4.6 percent to $3.29. At its annual meeting last Thursday, chairman Andrew Ferrier told shareholders the strength of the kiwi is crimping re...

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