MARKET CLOSE NZ shares extend drop from 2-month high; Chorus, Auckland Airport fall

Thu, 18 Jul 2013

July 18 (BusinessDesk) – New Zealand shares extended their decline from a two-month high, paced by network company Chorus, Auckland International Airport and Fletcher Building as investors mulled the potential for mixed results in the looming earnings season. The NZX 50 Index fell 15.585 points, or 0.3 percent, to 4563.385. Within the index, 25 stocks fell, 15 rose and 10 were unchanged. Turnover was a lower-than-average $81.8 million, with some local market participants taking a break during school holidays. Chorus, which was spun off from...

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