MARKET CLOSE: NZX50 falls below 7,000 as weakness continues; Summerset, Genesis, Fletcher Building lead decline

MARKET CLOSE: NZX50 falls below 7,000 as weakness continues; Summerset, Genesis, Fletcher Building lead decline
Sophie Boot
By Sophie Boot Oct. 18 (BusinessDesk) - New Zealand shares fell again, hitting a three-month low as the main index fell below 7,000 for the first time since July. Summerset Holdings, Genesis Energy and Fletcher Building led the losses.  The S&P/NZX50 Index dropped 93.28 points, or 1.3 percent, to 6,973.09. Within the index, 38 stocks fell, nine rose and two were unchanged. Turnover was $158.4 million. The index has now fallen 7.89 percent from a high of 7,571.10 on Sept. 7. A fall of 10 percent or more is regarded as a correction. ...