MARKET CLOSE: Strong currency weighs down exporters

Tue, 01 Sep 2020

New Zealand shares fell for a second day as the strong kiwi dollar took the shine off star exporters A2 Milk and Fisher & Paykel Healthcare. The S&P/NZX 50 Index dropped 144.40 points, or 1.2 percent, to 11,793.16. Within the index, 28 stocks fell, 12 rose and 10 were unchanged. Turnover was $190.8 million. The index has retreated quickly from its foray into record territory, dropping 2.7 percent since hitting an all-time high on Friday. An uncomfortably strong currency is putting pressure on listed exporters - F&P Healthcare fell 3.6...

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