MARKET CLOSE: NZ shares fall on weak global sentiment; Xero, Spark, A2 drop, Warehouse rises

Wed, 10 Feb 2016

By Sophie Boot Feb. 10 (BusinessDesk) - New Zealand shares declined amid continued global concerns about economic growth and demand for commodities. Xero, Spark New Zealand and A2 Milk Co falling while Warehouse Group gained. The S&P/NZX 50 Index dropped 51.8 points, or 0.9 percent, to 6,019.49. Within the index, 30 stocks fell, 16 rose and four were unchanged. Turnover was $172 million. US equities continued to fall overnight as oil moved lower and European banks extended their slide. Local news was light on the eve of earnings seaso...

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