MARKET CLOSE: NZ shares fall, led by Stride, Warehouse; Xero, Chorus gain

Wed, 15 Mar 2017

By Sophie Boot March 15 (BusinessDesk) - New Zealand shares dropped, led by Stride Property and Warehouse Group, while Xero and Chorus rose. The S&P/NZX50 Index fell 45.79 points, or 0.6 percent, to 7,131.3. Within the index, 30 stocks declined, 11 rose and nine were unchanged. Turnover was $120 million. "We're getting some negative leads from offshore, there's some profit taking going on as people look to lock in some gains," said Grant Davies, investment advisor at Hamilton Hindin Greene. New Zealand Refining, which gave up right...

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