MARKET CLOSE: NZ shares fall led by Xero; FSF rebounds from lows

Mon, 20 Apr 2015

By Suze Metherell April 20 (BusinessDesk) - New Zealand shares fell, led by Xero, in a broad-based, global sell off, although Fonterra Shareholders' Fund units rebounded from a record low for the second consecutive day. The NZX 50 Index fell 37.205 points, or 0.6 percent, to 5824.277. Within the index, 25 stocks fell, 15 rose and 10 were unchanged. Turnover was $86 million. Wall Street declined on Friday, as investors worried that Greece's left-wing government won’t agree to reforms, will default on its debts and be dumped from the Eu...

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