MARKET CLOSE: NZ shares fall for 5th day; Z Energy sold off further

Fri, 13 Sep 2019

By Paul McBeth Sept. 13 (BusinessDesk) - New Zealand shares fell for a fifth session, with Z Energy coming in for another heavy day of selling after downgrading its earnings outlook yesterday. Blue-chip stocks were generally weaker. The S&P/NZX 50 Index declined 41.65 points, or 0.4 percent, to 10,863.41. Within the index, 28 stocks fell, 17 rose, and five were unchanged. Turnover was $135.7 million, of which Z accounted for $21.1 million. Z Energy was down 2.6 percent at $5.53, an eight-month low, on a volume of 3.8 million shares,...

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