MARKET CLOSE: NZ shares inch lower on investor jitters, asset re-allocation

Mon, 10 Apr 2017

April 10 (BusinessDesk) - New Zealand shares pulled back slightly as geopolitical tensions kept some investors on the sidelines while others looked to re-allocate some assets at the start of the new financial year. The S&P/NZX 50 index fell 4.9 points, or 0.1 percent, to 7,238.870. Within the index, 23 stocks gained, 17 fell and 10 were unchanged. Turnover was $116 million. Markets across Asia were mixed with investors jittery after the US fired dozens of cruise missiles at a Syrian air base on Friday and after a US official told Reuter...

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