MARKET CLOSE: NZ shares fall; Pacific Edge, Xero, A2 decline

Wed, 02 Sep 2015

By Suze Metherell Sept. 2 (BusinessDesk) - New Zealand shares fell following a sharp decline on Wall Street overnight, and were the worst performer across Asia in local trading. Momentum stocks, such as Pacific Edge, Xero and A2 Milk Co declined. Sky Network Television led the bourse lower after shedding rights to its dividend. The S&P/NZX 50 Index dropped 64.79 points, or 1.1 percent, to 5590.2. Within the index, 42 stocks fell, six rose and two were unchanged. Turnover was $141 million. Overnight the S&P 500 Index closed down 3 per...

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