MARKET CLOSE: NZ shares fall as investor fatigue sets in after April rally

Fri, 01 May 2020

New Zealand shares started May in a downbeat way as investors toned down the enthusiasm that drove the benchmark index's biggest monthly gain in four years. The S&P/NZX 50 Index fell 83.06 points, or 0.8 percent, to 10,449.01. Within the index, 28 stocks declined, 16 rose, and six were unchanged. Turnover was $132.9 million. After a strong open following the long Anzac weekend, the local market dropped throughout this week as investors chose to lock in profits as April came to a close. Mark Lister, head of private wealth research at...

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