New Zealand's Wellington Drive Tech slips to 3-week low

Aofrio

03/09/2018 05:15

** Wellington Drive Technologies  WDT.NZ  falls as much as
6.1 pct to NZ$0.170, its lowest since Aug. 9
    ** Electronics-based motors maker secures NZ$2.5 mln ($1.7
mln) loan from Onimeg Investments Ltd  urn:newsml:reuters.com:*:nNZS1Fyma
    ** Co says it will use the new loan to repay a NZ$2 mln loan
from Smartshares Ltd
    ** Shares see worst intraday pct fall since June 27; stock
the 2nd biggest decliner on the S&P NZX All Capital Index
 .NZCI 
    ** ~127k shares traded vs 30-day average of ~74k
    ** Stock had risen 13.1 pct this year as of last close
    
($1 = 1.5147 New Zealand dollars)

 ((Soumyajit.Saha@thomsonreuters.com; Reuters Messaging:
soumyajit.saha.thomsonreuters.com@reuters.net))