MARKET CLOSE: NZ shares join global selloff; Xero, Orion, ANZ decline

Tue, 09 Feb 2016

By Sophie Boot Feb. 9 (BusinessDesk) - New Zealand shares fell after the long weekend, catching up on a global selloff amid concerns global growth may be faltering. Xero and Orion Health Group were among decliners, while Coats Group rose. The S&P/NZX 50 Index fell 82.5 points, or 1.3 percent, to 6071.31. Within the index, 41 stocks fell, five were unchanged and four rose. Turnover was $178 million. The local bourse had negative leads from offshore, with Wall Street closing lower last night and Asian markets mainly declining today. The...

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