MARKET CLOSE: NZ shares fall from record on SkyCity CEO departure; Kathmandu, Orion gain

Fri, 08 Apr 2016

By Sophie Boot April 8 (BusinessDesk) - New Zealand shares dropped as some investors took advantage of the S&P/NZX 50 Index at a record high to sell stocks and lock in profits. SkyCity Entertainment Group extended its decline on its chief executive's resignation. Kathmandu Holdings and Orion Health Group gained. The S&P/NZX 50 shed 24.94 points, or 0.4 percent, to 6,730.29. Within the index, 23 stocks fell, 23 rose and four were unchanged. Turnover was $212.8 million.The benchmark index has gained 6.8 percent so far this year to reach yes...

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