MARKET CLOSE: NZ stocks fall on renewed Brexit uncertainty, dividend payouts

Fri, 16 Nov 2018

By Gavin Evans Nov. 16 (BusinessDesk) - New Zealand shares fell as Brexit worries and a lack of earnings news let investors with a lack of direction. Three top-50 stocks also went ex-dividend today. The S&P/NZX 50 index fell 16.19 points, or 0.2 percent, to 8,809.70. Within the index, 23 stocks fell, five were unchanged and 22 rose. Turnover was modest at $90.1 million. US stocks rose as investors bet the risks of slower growth are fully priced in after five days of declines. The political fall-out increased in the UK from draft Brexit...

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