MARKET CLOSE NZ shares fall on China jitters; Vital, Pumpkin Patch, AMP drop

Tue, 25 Jun 2013

June 25 (BusinessDesk) – New Zealand shares fell, pushing the NZX 50 Index to the lowest since early March, as fears of a Chinese credit crunch weighed on Asian equity markets. Vital Healthcare Property Trust fell after announcing a rights issue and Pumpkin Patch led some retailers lower. The NZX 50 fell 47.052 points, or 1.1 percent to 4316.993. Within the index, 37 stocks fell, seven rose, and six were unchanged. Turnover was $135 million. The Shanghai Exchange Composite Index fell 4.7 percent in afternoon trading, leading equity markets lo...

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