MARKET CLOSE: NZ shares down, Fletcher and Freightways fall while A2, Veritas gain

Thu, 02 Feb 2017

By Sophie Boot Feb. 2 (BusinessDesk) - New Zealand shares fell, with Fletcher Building and Freightways dropping, while A2 Milk Co gained on news a competitor may be taken over at a premium, The S&P/NZX50 Index dipped 1.96 points, or 0.03 percent, to 7.035.54. Within the index, 21 stocks fell, 19 rose and 10 were unchanged. Turnover was $108.3 million. Fletcher Building led the index lower, down 1.8 percent to $10.14, while Freightways dropped 1.7 percent to $6.87 and Meridian Energy declined 1.7 percent to $2.665. A2 Milk Co was the...

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