MARKET CLOSE: Shares flat-line as coronavirus concerns reemerge

Thu, 30 Jan 2020

New Zealand shares were mixed as defensive stocks such as Spark New Zealand insulated the wider market from a new wave of concerns over the coronavirus outbreak. The S&P/NZX 50 Index decreased 10.86 points, or 0.1 percent, to 11,665.65. Within the index, 24 stocks rose, 21 fell and 5 were unchanged. Turnover was $498.8 million, due to the sell-down of Oceania Healthcare's cornerstone shareholder. Indices in Japan, Singapore, Hong Kong and Australia all fell. The Hang Seng was down 1.7 percent in afternoon trading and the S&P/ASX 200 Ind...

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