MARKET CLOSE: NZ shares fall from record as global markets come off the boil; Mercury drops

Tue, 05 Mar 2019

By Paul McBeth March 5 (BusinessDesk) - New Zealand shares fell in light trading, following the end of earnings season, as local investors followed overseas leads where markets were generally weaker. Mercury NZ led the market lower. The S&P/NZX Index declined 13.8 points, or 0.1 percent. to 9,399.69, having hit a record yesterday. Within the index, 24 stocks fell, 22 rose and four were unchanged. Turnover was $128.2 million, although just six companies traded on volumes of more than 1 million. Equity markets across Asia were broadly...

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