MARKET CLOSE: NZ shares fall, Comvita continues to weigh

Tue, 09 May 2017

By Rebecca Howard May 9 (BusinessDesk) - New Zealand stocks fell, weighed by ongoing worries about Comvita, weaker sentiment across the Tasman as banking stocks took a tumble, as well as some profit taking in blue-chips like Fletcher Building and Ebos Group. The S&P/NZX 50 index fell 14 points, or 0.2 percent, to 7,412.12 Within the index, 23 stocks fell, seven were unchanged and 20 rose. Turnover was $134 million. Australia's S&P/ASX 200 index was down 0.6 percent in late trading. Comvita led the market lower, falling 3.6 percent t...

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