By Sophie BootNew Zealand shares dropped more than 1 per cent for the second day running, with Heartland Bank, Xero and Sky Network Television leading the decline. Heartland Bank led the index lower, down 2.7 per cent to $1.46. Xero dropped 2.5 per cent to $19.35, Sky Network Television fell 2.4 per cent for $4.85, and Z Energy declined 2.3 per cent to $8.01. History will tell you if it weakens a bit further, you get capitulation because people get a bit nervous." New Zealand Refining Co rose 1.6 per cent to $2.49 and Freightways gained 0.5 per cent to $6.64.

Source: New Zealand Herald October 06, 2016 04:52 UTC