Wellington - The New Zealand share market's benchmark index of top 50 stocks fell 69 points, or 2.2 per cent, Thursday to 3094.4, a new three-year low.

Analysts said the index was now down 13 per cent since June 2 and 28 per cent off its peak.

The share price of the nation's biggest company, Telecom New Zealand, slumped to a 15-year low and other major stocks also fell to their lowest points in years. (dpa)