MARKET CLOSE: NZ shares join global slide, led by Xero, Goodman Fielder

Wed, 25 Jul 2012

July 25 (BusinessDesk) - New Zealand shares joined a global side as markets focused on Europe’s debt crisis. The decline was paced by stocks as diverse as Xero, Goodman Fielder and SkyCity Entertainment Group. The NZX 50 Index fell 1.72 points, or 0.05 percent, to 3458.97. Within the index, 23 stocks fell, 16 rose and 11 were unchanged. Turnover was $83.8 million. Officials from Greece’s troika of international creditors arriving in Athens on Wednesday have signaled little hope the indebted nation will meet commitments for its bailout, while...

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