MARKET CLOSE: NZ shares drift as Metroglass IPO lines up

Mon, 07 Jul 2014

July 7 (BusinessDesk) - New Zealand shares fell marginally on low volumes as local holidays and the Friday US Independence Day closure kept investors on the sidelines, albeit domestically focused specialty glass provider Metro Performance Glass issued the latest in a string of initial public offer prospectuses. The NZX 50 Index fell 2.545 points, or 0.04 percent, to 5186.360. Within the index, 19 stocks fell, 19 were unchanged, and 12 rose. Turnover reflected the quiet day, at $83.4 million on trading of just 23.3 million shares. "It's th...

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