MARKET CLOSE: NZ shares down ahead of RBNZ rate call

Wed, 27 Apr 2016

By Sophie Boot April 27 (BusinessDesk) - New Zealand shares fell ahead of an interest rate announcement, with Fisher & Paykel Healthcare Corp, Summerset and Xero moving lower. The S&P/NZX 50 Index dropped 45.3 points, or 0.7 percent, to 6,750.41. Within the index, 32 stocks fell, 10 rose and seven were unchanged. Turnover was $223.7 million. "We've had a couple of weak days. We have definitely come off the boil after a pretty strong run," said Mark Lister, head of private wealth research at Craigs Investment Partners. The Reserve B...

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