MARKET CLOSE: NZ shares fall for a 4th straight day, Tower, Kiwi Property lead losses

Sophie Boot
Thu, 15 Sep 2016

By Sophie Boot Sept. 15 (BusinessDesk) - New Zealand shares fell for a fourth straight day, though losses slowed today, with Tower, Kiwi Property Group and Investore Property. The S&P/NZX50 Index dropped 14.48 points, or 0.2 percent, to 7,196.24. Within the index, 30 stocks fell, 14 gained and six were unchanged. Turnover was $147.5mn.  "The market's a bit softer but it's certainly not as weak as it has been, there's continuation of pressure on some of the larger cap stocks in selling volumes but it's not as big," Shane Solly, director...

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Property FREE
Money Answers: how much mortgage can I actually afford?
Frances Cook | Sat, 25 Jun 2022

This week, readers ask how they should decide as a family what they can afford in terms of buying a house – and just because you can, should you?

The eyes have it
The Economist | Sat, 25 Jun 2022

Short-sightedness used to be rare. Now it's growing across the globe. Tim Cross, The Economist's technology editor, investigates its rapid rise.

On the Money
On the Money: Don Braid, Fletcher, Steve Newman and more
Victoria Young | Sat, 25 Jun 2022

OTM this week: A bit of matchy-matchy for Don Braid, the reopening of Parliament's lawns, Eroad, Fletcher and more. 

Investments to sustain the momentum of building in NZ

Classic Capital has opened its Land & Build fund to qualified wholesale and eligible investors.

High water marks: Watercare raises the tide on sustainability

The No.1 barrier to decarbonisation for NZ organisations is accurate measurement, says Microsoft’s Accelerating the Journey to Net Zero report.