Shares in NZs TradeMe fall to 2-yr low

WELLINGTON Tue May 20, 2014 12:54am EDT

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WELLINGTON May 20 (Reuters) - Shares in New Zealand online auction site Trade Me Group Ltd fell to a two-year low on Tuesday, extending losses on concerns the company is losing market share as it struggles to expand its businesses.

Trade Me shares fell 3.2 percent to NZ$3.53, its lowest since April 2012, taking losses in the past week to more than 10 percent.

(Reporting by Naomi Tajitsu; Editing by Matt Driskill)

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