Law and regulation

Salters Cartage owner cries poor while nobbling rivals. By Victoria Young

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Tourism Holdings leads second fall for NZ shares

Dan Brunskill
Thu, 19 Nov 2020

The New Zealand share market dipped today as investors cashed in a number of stocks that had reached record highs in the two-week rally following the US election. The S&P/NZX 50 Index fell 48.83 points, or 0.4 percent, to 12,557.13. Within the index, 25 stocks fell, 20 rose and five were unchanged. Turnover was $144.4 million.It was the second day of decline for the index, which had been on an 11-day bull run prior. “When you’ve gathered so much momentum and gains have been strong, inevitably you are gonna have a coupl...

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