MARKET CLOSE: NZ shares fall as global uncertainty weighs on utilities; Sky gains on M&A

Fri, 16 Aug 2019

By Paul McBeth Aug. 16 (BusinessDesk) - New Zealand shares fell for a sixth session, led lower by utilities Vector and Chorus, as investors remain concerned trade and geopolitical tensions could trigger a global recession. Sky Network Television gained after buying a new online rugby business. The S&P/NZX 50 Index dropped 48.75 points, or 0.5 percent, to 10,655.36. Within the index, 29 stocks fell, 17 rose, and four were unchanged. Turnover was $143.8 million. Stocks across Asia were mixed as investors weighed up stronger than expect...

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