MARKET CLOSE: NZ shares fall as investors fear more volatility; A2, Xero, Skycity decline

Mon, 31 Aug 2015

By Suze Metherell Aug. 31 (BusinessDesk) - New Zealand shares fell as investors remained cautious after last week's spike in volatility when equity markets were sold off on fears over the Chinese economy. Dual-listed stocks, such as A2 Milk Co, Xero, Skycity Entertainment Group and Australia and New Zealand Banking Group declined. The S&P/NZX 50 Index slipped 14.24 points, or 0.3 percent, to 5656.24. Within the index, 38 stocks fell, eight rose and four were unchanged. Turnover was a bigger than usual $249 million. Traders are still...

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