MARKET CLOSE: NZ shares fall as investors unnerved by global uncertainty; Fonterra jumps

Thu, 26 Sep 2019

By Paul McBeth Sept. 26 (BusinessDesk) - New Zealand shares fell, led lower by exporters Synlait Milk and Pushpay Holdings, as investors remained nervous about the global economy. Fonterra Shareholders' Fund units rallied as the dairy giant unveiled a new strategy to get earnings back on track. The S&P/NZX 50 Index decreased 38.67 points, or 0.4 percent, to 10,822.77. Within the index, 28 stocks fell, 17 rose, and five were unchanged. Turnover was $115.7 million, with just five stocks trading on volumes of more than a million shares. ...

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