MARKET CLOSE: NZ shares fall; virus fears heighten volatility

Fri, 06 Mar 2020

New Zealand's benchmark stock index reversed yesterday’s gains, falling almost 2 percent as coronavirus fears fuelled market volatility. The S&P/NZX 50 Index declined 214.99 points, or 1.8 percent, to 11,425.90. Within the index, 37 stocks fell, 11 rose, and two were unchanged. Turnover was $174.4 million. Today’s drop followed a lead from Wall Street, which saw all the US benchmark indices fall more than 3 percent overnight. Asian equity markets also fell, with most down more than 1 percent. The Hang Seng was down 2.2 percent in late A...

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