MARKET CLOSE: NZ shares follow ASX lower, paced by Spark, Xero

Mon, 30 Mar 2015

By Suze Metherell March 30 (BusinessDesk) - New Zealand shares fell paced by Xero, Spark New Zealand and other dual listed stocks as investors across the Tasman sold off stocks after a major capital raising. Meridian Energy fell ahead of its instalment receipt coming due. The NZX 50 Index fell 32.959 points, or 0.6 percent, to 5821.289. Within in the index, 31 stocks fell, 11 rose and eight were unchanged. Turnover was $103 million. In Australia the S&P/ASX 200 Index dropped 1.3 percent in afternoon trading as investors sold off stoc...

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