MARKET CLOSE: NZ stocks fall as global investors grow wary; Z Energy slides further

Mon, 05 Nov 2018

By Gavin Evans Nov. 5 (BusinessDesk) - New Zealand shares fell with local earnings insufficient to embolden investors wary about the outlook for the global economy. Z Energy again led the market lower. The S&P/NZX 50 index fell 56.82 points, or 0.6 percent, to 8,778.78. Within the index, 22 stocks fell, 20 gained and eight were unchanged. Turnover was modest at $84.4 million. Asian markets were generally down in early trading, following a weaker close in the US on Friday. Stocks there gave up some of their gains amid mixed signals fro...

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