MARKET CLOSE NZ shares fall in tech driven tumble, Xero plunges

Tue, 08 Apr 2014

By Suze Metherell April 8 (BusinessDesk) – New Zealand stocks fell for a second day, following Wall Street lower as a global tech sell off continued. Xero led the benchmark index lower, while Diligent Board Member Services, Wynyard Group, SLI Systems and GeoOp all fell. The NZX 50 Index declined 44.284 points, or about 0.9 percent, to 5031.56. Within the index, 29 stocks fell, 10 rose and 11 were unchanged. Turnover was $126.9 million. On Wall Street, the tech-heavy Nasdaq Composite fell for a third day as investors reduced exposure to com...

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