Friday, 7 October 2016

MARKET CLOSE: NZ shares drop, Trade Me, Chorus, NZME fall

New Zealand shares fell for the fourth straight session today, led lower by Trade Me Group, Chorus and NZME as News Corp sold its stake in the local news provider at a deep discount.

The S&P/NZX50 Index dropped 29.47 points, or 0.4 percent, to 7167.82. Within the index, 29 stocks fell, 12 rose and nine were unchanged. Turnover was $140.3 million.



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