MARKET CLOSE: NZ shares narrowly miss regional rally

Wed, 29 Jan 2020

New Zealand shares fell despite a rally in the Asian markets today. SkyCity Entertainment Group led the market lower, as investors continue to assess the economic impact of the coronavirus outbreak. The NZX 50 fell 8.6 points, or 0.1 percent, to 11,676.51. Within the index, 19 stocks rose, 24 fell and 7 were unchanged. Turnover was $178.9 million. Indices in Japan, Singapore and Australia all rallied today, with mainland Chinese markets in Shanghai and Shenzhen delaying their opening until Feb .3, in line with an extended Lunar New Year...

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