MARKET CLOSE NZ shares slid, as earnings season nerves kick-in, Hallenstein, SkyCity down

Mon, 10 Feb 2014

Feb. 10 (BusinessDesk) – New Zealand stocks fell, paced by SkyCity Entertainment Group, amid speculation the impending earnings season may show the impact of a high kiwi dollar. Hallenstein Glasson Holdings led the index lower after figures showed weak clothing sales. The NZX 50 Index fell 7.730 points, or about 0.2 percent to 4833.058. Within the index, 25 stocks fell, 12 rose and 13 were unchanged. Turnover was $91.7 million. Earnings season begins in earnest this week. SkyCity, which is due to report on Wednesday, fell 1.6 percent to $5....

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