MARKET CLOSE NZ shares follow Asia lower, led by Xero

Mon, 27 Jan 2014

By Suze Metherell Jan. 27 (BusinessDesk) – New Zealand shares fell today, as Asian markets continued a downturn due to anxiety over global economic recovery. Xero led the day’s decliners, while Fletcher Building and Summerset Group were among those to fall. The NZX 50 Index fell 19.899 points, or 0.4 percent to 4,853.799. Within the Index 22 shares fell, 13 rose and 15 were unchanged. Turnover was $60.3 million, with light trading due to public holidays in Auckland and Australia. Markets across Asia fell after stocks in the US closed lowe...

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