MARKET CLOSE: NZ shares fall for sixth day as virus fears escalate

Mon, 02 Mar 2020

New Zealand shares fell for the sixth consecutive day as the worsening virus outbreak continued to weigh on the local stock market, with travel companies including Air New Zealand among the hardest hit. The S&P/NZX 50 Index declined 157.73 points, or 1.4 percent, to 11,103.43. Within the index, 46 stocks fell, three gained, and just one remained unchanged. Turnover was $258.9 million. Michael McCarthy, chief market strategist at CMC Markets, said coronavirus remained at the heart of investor’s fears. “Developments in the outbreaks in v...

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