MARKET CLOSE: NZ shares fall as Kathmandu, Xero give up gains; A2 reaches record

Fri, 04 Aug 2017

By Sophie Boot Aug. 4 (BusinessDesk) - New Zealand shares fell, with Kathmandu Holdings and Xero dropping while A2 Milk Co hit a record high The S&P/NZX 50 Index dropped 7.63 points, or 0.1 percent, to 7,746.12. Within the index, 22 stocks fell, 18 rose and 10 were unchanged. Turnover was $155.5 million. Kathmandu Holdings dropped 1.8 percent to $2.24. Yesterday, the retailer announced full-year profit rose as much as 13 percent to between $37.4 million and $38 million after a successful winter sales season and increased revenue from A...

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