MARKET CLOSE: NZ shares fall on Air NZ, Xero, A2 selling while Heartland hits record

Fri, 10 Nov 2017

By Sophie Boot Nov. 10 (BusinessDesk) - New Zealand shares fell, led lower by Air New Zealand and Xero, while Heartland Bank hit a record high. The S&P/NZX50 Index dropped 46.66 points, or 0.6 percent, to 7,974.43. Within the index, 27 stocks fell, 17 rose and six were unchanged. Turnover was $122 million. Air New Zealand led the index lower, dropping 4.2 percent to $3.18. The stock has gained 51 percent this year, peaking at $3.60 at the beginning of September, but has dropped back in the past two months. "There are concerns abou...

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