MARKET CLOSE: Strong kiwi weighs down shares

Fri, 18 Sep 2020

New Zealand’s benchmark stock index extended its losses, locking in a third consecutive weekly decline as the kiwi dollar continued to climb. The S&P/NZX 50 Index fell 143.61 points, or 1.2 percent, to 11,633.52. Within the index, 32 stocks fell, 13 rose and five were unchanged. Turnover was $420.8 million. The index moved sharply lower in an extended session to accommodate heavy volumes as the S&P/NZX and FTSE Russell Indices completed their quarterly rebalance. A poor lead from US share markets set a negative tone for the session,...

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