MARKET CLOSE: NZ shares fall; Goodman placement sees property stocks sold

Wed, 18 Sep 2019

By Paul McBeth Sept. 18 (BusinessDesk) - New Zealand shares fell, with heavy trading in property stocks as investors cleared their books to make way for a $150 million placement in Goodman Property Trust. The S&P/NZX 50 Index declined 93.18 points, or 0.9 percent, to 10,774.85. Within the index, 22 stocks fell, 19 rose, and nine were unchanged. Turnover was $106.7 million, of which $11.9 million came from Kiwi Property Group, Stride Property, and Precinct Properties New Zealand. Trading in Goodman Property Trust was halted while the...

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