MARKET CLOSE: NZ shares join global lull as investors remain nervous

Tue, 13 Aug 2019

By Paul McBeth Aug. 13 (BusinessDesk) - New Zealand shares joined a global decline as investors remain unnerved by heightened geopolitical tensions. Domestic earnings met expectations but failed to stoke local investor confidence. The S&P/NZX 50 Index fell 17.97 points, or 0.2 percent, to 10,854.77. Within the index, 23 stocks declined, 21 rose, and six were unchanged. Turnover was $107.4 million, with five stocks trading on volumes of more than a million shares. Stocks across Asia followed Wall Street lower after pro-democracy prote...

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