Markets

MARKET CLOSE: Profit-taking pulls shares lower

Dan Brunskill
Fri, 11 Sep 2020

New Zealand shares took another fall as investors took profits from well performing stocks after US tech stocks continued to decline on Wall Street. The S&P/NZX 50 Index fell 63.75 points, or 0.5 percent, to 11,748.03. Within the index, 24 stocks fell, 20 rose and six were unchanged. Turnover was $154 million. After a one-day reprieve, Wall Street resumed its selloff overnight giving another negative lead to Asian markets. Australia’s S&P/ASX 200 was down 0.6 percent in late trading, mainland Chinese bourses were off 0.2 percent each,...

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Markets

MARKET CLOSE: Profit taking pulls shares down

Dan Brunskill | Mon, 21 Sep 2020

Profit taking pushed New Zealand’s benchmark stock index more than 500 points below its record as investors found few reasons to buy with a global recession in progress. The S&P/NZX 50 Index fell 94.42 points, or 0.8 percent, to 11,539.10. Within the index, 34 stocks fell, 11...

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