MARKET CLOSE: Heavyweight exporters fall as dollar rises

Mon, 31 Aug 2020

New Zealand shares fell in the first full day of trading since last Monday with the heavyweight export stocks pulling the market lower as the kiwi dollar hit new highs. The S&P/NZX 50 Index fell 155.96 points, or 1.3 percent, to 11,937.56. Within the index, 25 stocks fell, 17 rose and eight were unchanged. Turnover was $245.3 million, higher than usual as overseas investors re-weighted portfolios on the last day of the month. The NZX appears to have gained the upper hand in the ongoing battle against overseas cyber criminals that has plag...

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