MARKET CLOSE: NZ stocks fall on profit taking, weak sentiment; A2 drops

Fri, 12 May 2017

By Rebecca Howard May 12 (BusinessDesk) - New Zealand stocks fell as some investors opted to take profits on a few stock like A2 Milk and as sentiment was weighed on by a slide in global markets, although both Xero and Z Energy continued to push higher after positive results yesterday. The S&P/NZX 50 Index lost 37 points or 0.5 percent to 7,452.38. Within the index, 26 stocks fell, five were unchanged and 19 rose. Turnover was $131 million. "The market overall is weaker here and in Australia, following offshore leads," said Suzanne K...

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