MARKET CLOSE: NZ shares fall with Asia; MRP, Spark, Steel & Tube drop

Wed, 20 Jan 2016

By Sophie Boot Jan. 20 (BusinessDesk) - New Zealand shares fell, joining a regionwide sell-off as international sentiment continues to drive the local market. Mighty River Power, Spark New Zealand and Steel & Tube Holdings all dropped. The S&P/NZX 50 slipped 10.5 points, or 0.2 percent to 6113.72. Within the index 20 stocks fell, 25 rose, and five were unchanged. Turnover was $138 million. "There's no real news driving our market other than what's happening offshore," said Peter McIntyre, investment adviser at Craigs Investment Partn...

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