NZ shares end lower on regional jitters, sell down to buy Metilifecare

Fri, 07 Apr 2017

By Rebecca Howard April 7 (BusinessDesk) - New Zealand shares fell as investors likely freed up funds to buy Metlifecare after Infratil opted to sell its stake and on regional jitters after the U.S. launched cruise missiles at a Syrian airbase in response to a recent chemical attack. The S&P/NZX 50 index fell 46 points, or 0.6 percent, to 7,243.750. Within the index, 13 stocks gained, 28 fell and nine were unchanged. Turnover was unusually heavy, at $405.94 million. Infratil added 1.2 percent to $3 a share after news it had sold its c...

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