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NZX50 drops below 10,000 as blue-chips fall off the pace

The S&P/NZX 50 Index fell back below 10,000 after becoming the most expensive across Asia based on forward-looking metrics. Blue-chip stocks including Spark New Zealand, Goodman Property Trust and Ryman Healthcare were among those sold down today.

BusinessDesk

Fri, Apr 26th 2019 06:59PM

NZ shares follow Wall St higher in light trading; Meridian, F&P, A2 rise

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NZX50 tops 10,000, growing 284% in past decade

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Sharemarket records 1.8% gain in a week

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Knock, knock, knocking on the magical 10,000 mark

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Exporters drive sharemarket higher

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Investor confidence buoyed on US coy earnings; NZX rises

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NZ shares rise; retirement stocks Metlife, Summerset extend recovery

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NZ shares snap six-day decline as retirement stocks claw back losses

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Yield stocks loose their lustre

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Retirement stocks under pressure on housing fears

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Slowing property market weighs on sharemarket

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NZ shares fall; weak Summerset sales weigh on retirement stocks

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Defensive stocks end stellar run

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Telco boss unexpectedly hangs up and market falls

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The prospect of rate cuts drive market higher; Maccas helps the rally

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