MARKET CLOSE: Shares and dollar edge lower on lock-down extension

Fri, 14 Aug 2020

New Zealand's benchmark stock index crept lower as investors took risk-off positions in the lead up to the extension of the covid-19 lockdown in Auckland. Domestic bellwether stock Freightways led the market lower.The S&P/NZX 50 Index fell 48.68 points, or 0.4 percent, to 11,452.14. Within the index, 32 stocks fell, 12 rose and six were unchanged. Turnover was $172 million.The looming lockdown cast a shadow over the NZ market as the index waned ahead of Prime Minister Jacinda Ardern's 5:30pm announcement that alert level 3 in Auckla...

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