» » NZX-50 Ends Down 0.4%, Tracking Slide in Australia's S&P/ASP 200

NZX-50 Ends Down 0.4%, Tracking Slide in Australia's S&P/ASP 200

Add Comment
General News
Monday, May 19, 2014
        0519 GMT [Dow Jones] The NZX-50 ended down 0.4% or 18 points at 5167.78, tracking a slide in Australia, says Macquarie Equities Investment Advisor, Brad Gordon. He says sentiment may have been weighed by news that China home-price gains decelerated in April, amid a souring outlook for the property market--a key contributor to Chinese growth. "In the absence of any other news, markets may have used that as an excuse to sell off," says Gordon. He notes that Fletcher Building (FBU.NZ), which is also listed in Australia, shed 0.3% to NZ$9.10. Trade Me (TME.NZ) is still losing ground after a broker downgrade late last week. The stock ended down 1.9% at NZ$3.65. (rebecca.howard@wsj.com; Twitter: @FarroHoward)
        (END) Dow Jones Newswires

        May 19, 2014 01:20 ET (05:20 GMT)

0 Response to "NZX-50 Ends Down 0.4%, Tracking Slide in Australia's S&P/ASP 200"

Thanks for give comment.

Subscribe to: Post Comments (Atom)