MARKET CLOSE: NZ shares fall; Spark, Scales drop while Orion, Tower bounce

Fri, 09 Dec 2016

By Sophie Boot Dec. 9 (BusinessDesk) - New Zealand shares fell, led lower by Spark New Zealand and Scales Corp, while Orion Health Group rose from its record low. The S&P/NZX 50 Index dipped 22.71 points, or 0.3 percent, to 6,893.3. Within the index, 24 stocks fell, 22 rose and five were unchanged. Turnover was $155.8 million. "The local market has underperformed somewhat today, bucking the trend of offshore markets," said Grant Williamson, director at Hamilton Hindin Greene. "It looks a bit tired for the end of the week - a bit of pr...

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