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

MARKET CLOSE: Shares fall as power companies still plagued by smelter; property rises
Victoria Young
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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Volatile stocks drive NZ sharemarket down nearly 0.5%
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The S&P/NZX 50 Index closed at 12.844.59, declining 60.45 points or 0.47%.

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