MARKET CLOSE: NZ shares fall, led by A2, Kiwi Property, Xero

Mon, 09 Mar 2015

By Suze Metherell March 9 (BusinessDesk) - New Zealand shares fell, led by A2 Milk Co and Kiwi Property Group as the local market joined a global sell off. Xero declined as investors looked to crystalise profits after recent gains. The NZX 50 Index fell 6.105 points, or 0.1 percent, to 5896.96. Within the index, 26 stocks fell, 15 rose and nine were unchanged. Turnover was $125 million. The local stock market didn't fall as far as offshore markets after Wall Street tumbled on Friday after the US Federal Reserve indicated it may raise...

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