MARKET CLOSE: NZ shares fall for second day as investors grow wary

Dan Brunskill
Thu, 21 May 2020

New Zealand shares fell for a second day as investors await earnings next week to gain a better sense of the economic outlook. The S&P/NZX 50 Index fell 56.51 points, or 0.52 percent, to 10,731.55. Within the index, 16 stocks rose, 25 fell and nine were unchanged. Turnover was $126.1 million. The benchmark opened stronger building on momentum from Wall Street’s overnight gains but fell away around midday when the Australian market weakened. The S&P 500 and Dow Jones indices both closed more than 1.5 percent higher. At 5:30pm in Wel...

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