MARKET CLOSE: NZ shares fall as Aussie lockdown bites

Mon, 03 Aug 2020

New Zealand shares fell as new lockdown measures - placed over parts of Australia to stem a resurgence of covid-19 - weighed down financial and travel stocks on the local market. Fruit exporter Scales dropped on downgraded earnings. The S&P/NZX 50 Index fell 61.54 points, or 0.5 percent, to 11,666.09. Within the index, 36 stocks fell, six rose, and eight were unchanged. Turnover was unusually light at just $92.8 million. The index was weaker as investors became concerned the new restrictions, imposed in Victoria, to halt the spread of...

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