MARKET CLOSE: NZ shares fall; A2 Milk, TradeMe decline while Fletcher, MetroGlass gain

Fri, 28 Jul 2017

By Sophie Boot July 28 (BusinessDesk) - New Zealand shares fell as A2 Milk gave up some of its recent gains while building stocks Fletcher Building and Metro Performance Glass rose. The S&P/NZX 50 Index dropped 72.21 points, or 0.9 percent, to 7,639.51. Within the index, 33 stocks dropped, 11 rose and six were unchanged. Turnover was $159 million. "It has been a healthy correction, it was a pretty rough old day but apart from some pockets of volume, the market is pretty quiet," David Price, broker at Forsyth Barr, said. "We're in confe...

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