MARKET CLOSE: NZ shares fall as yield appeal dims; retirement stocks extend decline

Wed, 10 Apr 2019

By Paul McBeth April 10 (BusinessDesk) - New Zealand shares fell as the attraction of yield stocks lost their lustre now most have shed rights to dividends. Retirement village operators such as Metlifecare and Ryman Healthcare extended their decline The S&P/NZX 50 index dropped for a sixth session, down 79.34 points, or 0.8 percent, at 9,707.96. Within the index, 31 stocks fell, 14 gained, and five were unchanged. Turnover was $150.4 million. Stocks across Asia were broadly weaker, following Wall Street's lead, as ongoing trade tensio...

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