MARKET CLOSE NZ shares slide amid investor concern about regulation, led by Chorus

Fri, 29 Nov 2013

By Tina Morrison Nov. 29 (BusinessDesk) –New Zealand shares fell, led by telecommunications network operator Chorus, as investors become wary that increased regulation heading in to an election year may crimp earnings. The NZX 50 Index fell 14.505 points, or 0.3 percent, to 4,794.95. Within the index, 32 stocks fell, 11 rose and seven were unchanged. Turnover was $105 million. Trading was lighter than normal for the end of a month because many investors had rebalanced their portfolios earlier in the week in conjunction with global index cha...

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