MARKET CLOSE: NZ shares fall as heavyweights drag market down

MARKET CLOSE: NZ shares fall as heavyweights drag market down
Paul McBeth
New Zealand shares were dragged lower as the market’s biggest companies, including Meridian Energy, Ryman Healthcare and Auckland International Airport, were among those sold off. The S&P/NZX 50 Index fell 19.3 points, or 0.2 percent, to 11,537.68. Within the index, 18 stocks fell, 27 rose, and five were unchanged. Turnover was $106.4 million, down on the $138 million daily average in December. The local bourse was the only major benchmark index across Asia-Pacific to decline, with global investors upbeat that tense relations between the...

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