Shares decline as global headwinds endure

The S&P/NZX 50 Index fell 25.32 points, or 0.2 percent, to 12,407.29. Within the index, 21 stocks fell, 19 rose, and 10 were unchanged. Turnover was $168.6 million.

The decline came despite some encouraging updates from local companies, with traders deterred by uncertainty in offshore markets.

“The usual suspects are in play: stimulus, coronavirus and the (US) election. They’re the three main issues that are hampering market performance,” said Peter McIntyre, an investment advisor at Craigs Investment Partners.