MARKET CLOSE: NZ shares fall as election uncertainty weighs; Sky TV, Kathmandu drop; CBL recovers

Wed, 13 Sep 2017

By Sophie Boot Sept. 13 (BusinessDesk) - New Zealand shares continued to decline as election uncertainty dampens investor enthusiasm with Sky Network Television and Kathmandu Holdings dropping while CBL Corp bounced from its recent decline. The S&P/NZX50 Index dropped 12.98 points, or 0.2 percent, to 7,827.43. Within the index, 27 stocks fell, 17 rose and six were unchanged. Turnover was $191 million. Matt Goodson, managing director at Salt Funds Management, said there was a lack of corporate news following reporting season with a nu...

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