MARKET CLOSE: NZ shares fall, A2, Xero down as investors take profit

Wed, 25 Nov 2015

By Sophie Boot Nov. 25 (BusinessDesk) - New Zealand shares fell, driving the NZX 50 Index down from a record high, as investors cashed in recent gains in a2 Milk Co, which was cut to 'underperform' by an analyst, and companies including Xero. The S&P/NZX 50 dropped 32.13 points, or 0.5 percent, to 6,069.14. Within the index, 29 stocks fell, 15 rose and six were unchanged. Turnover was $189 million. Today's decline on the benchmark index ended a seven-day run of gains, including a record close yesterday. A2 Milk Co dropped 9 percent ...

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