MARKET CLOSE: Strong kiwi weighs down shares

MARKET CLOSE: Strong kiwi weighs down shares
Dan Brunskill
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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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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