MARKET CLOSE NZ shares drop; Skellerup, Nuplex, Fletcher slide

MARKET CLOSE NZ shares drop; Skellerup, Nuplex, Fletcher slide
Feb. 21 (BusinessDesk) – New Zealand shares fell, pushing the NZX 50 Index to a month-low as Skellerup Holdings and Nuplex Industries missed profit expectations and cut guidance, and Fletcher Building continued its correction following its results yesterday. The NZX 50 fell 43.81 points, or 1 percent, to 4170.4, the lowest close since Jan. 18. Within the index, 26 stocks fell, 12 rose and 12 were unchanged. Turnover was a higher than average $193 million. Skellerup fell 6.7 percent to $1.53 after the industrial rubber goods maker reported an...