MARKET CLOSE: NZ shares fall as Vista sinks on slowing sales growth

Thu, 29 Aug 2019

By Paul McBeth Aug. 29 (BusinessDesk) - New Zealand shares fell, led lower by Vista Group International, which was punished for dialling back its expectations for revenue growth. The S&P/NZX 50 Index declined 46.10 points, or 0.4 percent, to 10,580.07. Within the index, 24 stocks fell, 23 rose, and three were unchanged. Turnover was $139.2 million, of which Vista accounted for $20.8 million. Vista slump to a seven-month low after scaling back its projections for revenue growth to 10-12 percent and reporting a 23 percent slide in firs...

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