MARKET CLOSE: NZ shares drop; TradeMe, A2 Milk fall while Summerset, Intueri gain

Fri, 28 Oct 2016

By Sophie Boot Oct. 28 (BusinessDesk) - New Zealand shares fell, led by Trade Me Group while Summerset Group gained on its positive earnings outlook. The S&P/NZX50 Index dropped 13.31 points, or 0.2 percent, to 6,928.64. Within the index, 18 shares rose, 17 fell and 16 were unchanged. Turnover was $124.7 million. "There still seems to be a weight of selling in the marketplace, after the past three or four-odd weeks of experiencing some downside," Grant Williamson, director at Hamilton Hindin Greene, said. "It will be interesting to see...

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