MARKET CLOSE: NZ shares fall as coronavirus knocks tourism stocks

Mon, 27 Jan 2020

New Zealand shares fell as fears over the spread of the Chinese coronavirus weighed on tourism-related companies including Tourism Holdings and Air New Zealand. The S&P/NZX 50 Index declined 70.67 points, or 0.6 percent, to 11,807.14. Within the index, 34 stocks fell, eight rose, and eight were unchanged. Turnover was $37.2 million, due to holidays in Australia and Auckland. Just Air New Zealand traded on a volume of more than a million shares. Peter McIntyre, an investment adviser at Craigs Investment Partners, said the local market was...

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