MARKET CLOSE: Shares fall as power companies still plagued by smelter; property rises

Fri, 01 Nov 2019

New Zealand shares fell, as investors continued to assess the impact of Rio Tinto’s threat to close the Tiwai Point smelter. However, property stocks had a strong day, led by Vital Healthcare Property Trust. The S&P/NZX50 50 Index declined 26.13 points, or 0.2 percent, to 10,761.69. Within the index, 29 stocks fell, 15 rose and six were unchanged. Turnover was $117.2 million Vital Healthcare Property Trust led property stocks higher, lifting by 1.5 percent to $2.70, as 200,000 shares changed hands. Ryman Healthcare rose by 1.4 percent to...

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