MARKET CLOSE NZ shares fall a second day as Chorus extends slide, Xero drops

Tue, 04 Dec 2012

Dec. 4 (BusinessDesk) – New Zealand shares fell for a second day, retreating from a five-year high as Chorus extended its slide on concerns about price regulation and Xero fell from a record high. The NZX 50 Index dropped 33.396 points, or 0.8 percent, to 4015.69. Within the index, 29 stocks fell, nine rose and 12 were unchanged. Turnover was about $190 million, with heavy turnover in Chorus for a second day. Equity markets generally fell across the Asia-Pacific region following unexpectedly weak US manufacturing and concerns the US Congress...

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