MARKET CLOSE: NZ shares slide for a second day on growing pandemic fears

Wed, 26 Feb 2020

New Zealand shares sank for a second day as investors remained fearful that the spread of covid-19 could dent global growth. The S&P/NZX 50 Index dropped 185.37 points, or 1.6 percent, to 11,533.86. Within the index, 45 stocks fell, four rose and one was unchanged. Turnover was $206.3 million, with 17 companies trading on volumes of more than a million shares. Stock markets around the world extended their decline as the global cases of covid-19 stoked fears that worldwide economic growth will slow. Asian markets followed Wall Street lower...

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