MARKET CLOSE: NZ shares fall; A2 Milk, Genesis drop, Nuplex gains as takeover backed

Mon, 11 Apr 2016

By Sophie Boot April 11 (BusinessDesk) - New Zealand shares fell as investors mulled the risk of increased Chinese regulation on A2 Milk and Genesis Energy declined. Nuplex Industries gained after directors backed a takeover offer. The S&P/NZX 50 Index dropped 5.18 points, or 0.1 percent, to 6,725. Within the index, 26 stocks fell, 19 rose and five were unchanged. Turnover was $184.4 million. A2 Milk Co shed 2.6 percent to $1.90. The dual-listed infant formula producer, which has seen a surge in demand in China, highlighted a number of...

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