MARKET CLOSE: NZ shares fall as global mood sours further, Air NZ, Sky TV and Xero drop

Fri, 12 Feb 2016

By Sophie Boot Feb. 12 (BusinessDesk) - New Zealand shares fell as global sentiment weakened, with Air New Zealand, Sky Network Television and Xero down. The S&P/NZX 50 Index dropped 53.05 points, or 0.9 percent, to 5,933.97. Within the index, 41 stocks fell, eight rose and one was unchanged. Turnover was $124 million. "A small number of people just want to get out, and there's no one at home on the buy side," said Matthew Goodson, managing director at Salt Funds Management. "Up and down the market, volumes are very light, so that is...

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