MARKET CLOSE: NZX50 drops below 10,000 as blue-chips fall off the pace

Fri, 26 Apr 2019

By Paul McBeth April 26 (BusinessDesk) - The S&P/NZX 50 Index fell back below 10,000 after becoming the most expensive across Asia based on forward-looking metrics. Blue-chip stocks including Spark New Zealand, Goodman Property Trust and Ryman Healthcare were among those sold down today. The benchmark index declined 77.17 points, or 0.8 percent, to 9,994.57. Within the index, 33 stocks fell, seven rose, and 10 were unchanged. Turnover was $124.7 million. The NZX50 broke through the 10,000 level this week, as the Easter and Anzac holi...

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