MARKET CLOSE NZ shares fall, tech stocks join global sell off; Xero, Diligent slip

Mon, 31 Mar 2014

By Suze Metherell March 31 (BusinessDesk) – New Zealand stocks fell as the end of financial year saw investors square their books and take profit from tech and growth stocks. Diligent Board Member Services, Xero, Pacific Edge and A2 Corp paced the decline. The NZX 50 Index fell 2.914 points, or about 0.1 percent, to 5139.982. Within the index, 16 stocks fell, 22 rose and 12 were unchanged. Turnover was $137.5 million. US tech-dominated Nasdaq Composite sank 2 percent last week as social-media company Facebook lost 11 percent after its purc...

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