MARKET CLOSE NZ shares fall ahead of earnings; SkyCity, Fletcher drop

Mon, 11 Feb 2013

Feb. 11 (BusinessDesk) – New Zealand shares fell on a day when holidays in Asia kept markets quiet and as investors ponder whether earnings will match bullish expectations. SkyCity Entertainment Group and Fletcher Building led the decline. The NZX 50 Index fell 5.21 points, or 0.1 percent, to 4220.50. Within the index, 14 stocks fell, 28 rose and eight were unchanged, with the weight of stocks such as Fletcher and Telecom pulling the index lower. Turnover was 123 million. SkyCity fell 1.7 percent to $4.02. The casino and hotel group is the f...

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