MARKET CLOSE: NZ shares fall; ComCom's early fibre views knock Chorus

Tue, 21 May 2019

By Paul McBeth May 21 (BusinessDesk) - New Zealand shares fell, led lower by Chorus, after investors were spooked by potentially stricter regulation of its ultrafast broadband network than they'd anticipated. The S&P/NZX 50 Index decreased 18.06 points, or 0.2 percent, to 10,216.09. Within the index, 23 stocks fell, 21 rose, and six were unchanged. Turnover was $120.1 million. Chorus dropped 5.8 percent to $5.87 on a volume of 690,000 shares, more than its 90-day average of 526,000. The network operator has gained 45 percent over the...

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