NZ's Colonial Motor sees worst day in nearly 17 years after pulling guidance
24/03/2020 23:09
** Shares of franchised motor vehicle dealer Colonial Motor
Company Ltd CMO.NZ tumble as much as 14.1 % to NZ$6.270, their
biggest intraday percentage fall since March 31, 2003
** Co withdraws HY guidance and cancels interim dividend as
four-week lockdown announced by Australian government will
affect all of CMO's dealerships urn:newsml:reuters.com:*:nFWN2BH1EO
** Stock hits its lowest level since July 1, 2016
** About 10,300 shares change hands, versus the 30-day
average of about 5,300 shares
** Stock down 17.1% this year, as of last close
(Reporting by Aditya Munjuluru in Bengaluru)
((aditya.srivastsav@thomsonreuters.com))
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