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

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...

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