MARKET CLOSE NZ stocks drop after three day rally

Thu, 24 Oct 2013

Oct 24 (BusinessDesk) – New Zealand stocks fell after a strong three day run, with weakness across leaders, including a small correction for accounting software company Xero after its recent stellar run. The NZX50 Index of leading stocks was down 41.453 points, or 0.85 percent, to 4834.942. Within the index, 27 stocks fell, 11 rose, and 12 were unchanged. Turnover was $153.783 million on a day when several leaders, including Auckland International Airport, Metlifecare, Sky TV, and Port of Tauranga. “The AGM announcements out today seemed OK,...

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