MARKET CLOSE: NZ shares down, Fletcher drops below $7.50 with ANZ, Synlait falling

Thu, 26 Oct 2017

By Sophie Boot Oct. 26 (BusinessDesk) - New Zealand shares fell, dragged lower by Fletcher Building with weakness from Australia & New Zealand Banking Group after its earnings worried investors. The S&P/NZX50 Index dropped 35.93 points, or 0.4 percent, to 8,806.74. Within the index, 27 stocks fell, 13 rose and 10 were unchanged. Turnover was $199 million. "There's still a bit of uncertainty around the new government weighing on investors minds somewhat," Grant Williamson, director at Hamilton Hindin Greene said. "Offshore markets are...

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