MARKET CLOSE: NZ shares drop, Sky TV, Xero fall while Property for Industry gains

Tue, 01 Nov 2016

By Sophie Boot Nov. 1 (BusinessDesk) - New Zealand shares declined with Sky Network Television leading the index lower again, falling along with Xero and Genesis Energy. The S&P/NZX50 Index dropped 30.19 points, or 0.4 percent, to 6,930.49. Within the index, 32 stocks fell, 11 were unchanged, and eight rose. Turnover was $111.9 million. "It's another dull old day really, pricing remains under pressure," said Grant Williamson, director at Hamilton Hindin Greene. "There's uncertainty over the US election as it gets closer and we're still...

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