MARKET CLOSE NZ shares fall as Chorus slide continues, Xero loses steam

Thu, 07 Nov 2013

By Paul McBeth Nov. 7 (BusinessDesk) - New Zealand shares fell today as uncertainty over Chorus’s future extended the network operator’s slide and as Xero’s rally to new highs ran out of steam. The benchmark NZX 50 index fell 21.877 points, or 0.4 percent, to 4922.691, having hit a new record yesterday. Within the index, 21 stocks fell, 22 gained and seven were unchanged. Turnover was $148.5 million, driven by Xero and Sky Network Television. Chorus sank 9.9 percent to $2.10, a record low close since it was demerged from Telecom Corp two y...

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