Pumpkin Patch store. Photo / NZ Herald
New Zealand shares were sold off across the board yesterday following a strong run earlier in the week.
December quarter inflation figures showed a fall in prices in the last three months of last year, indicating sustained economic weakness, while Chinese growth data was soft.
The NZX 50 Index fell
32.63 points, or 0.77 per cent, to 4164.18. Within the index, five stocks rose, 38 fell, and seven were unchanged, in trading valued at $159.03 million.
The biggest fall was in shares of children's clothing manufacturer Pumpkin Patch, which have gyrated in recent days, but ended the week square with the previous Friday's closing price of $1.33, on a 4.32 per cent fall from Thursday's closing price.
Both Warehouse Group, which also bounced around this week, and Metlifecare shed more than 3 per cent of their value, with the general goods superstore owner falling 3.13 per cent to $3.10, and aged care and housing provider Metlifecare dropping 3.64 per cent to $3.18.
