MARKET CLOSE: NZ shares fall as investors sell energy stocks

Thu, 27 Feb 2020

New Zealand shares slipped for a third day as kiwi energy stocks came under pressure and global markets continued to decline.The S&P/NZX 50 Index declined 96.69 points, or 0.8 percent, to 11,437.17. Within the index, 31 stocks fell, 14 gained, and five were unchanged. Turnover was $191.2 million.David Price, an equity manager at Forsyth Barr, said the market turned after the Centers for Disease Control and Prevention in the United States reported a new case of covid-19 in California that had no obvious links to China, suggesting the virus m...

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