MARKET CLOSE: NZ shares fall as A2 director sells; Fletcher overture rebuffed

Wed, 03 Oct 2018

By Paul McBeth Oct. 3 (BusinessDesk) - New Zealand shares fell, led by A2 Milk Co, after one of the company's directors sold a small parcel of shares. Fletcher Building declined after surprising investors with a takeover bid for Steel & Tube Holdings. The S&P/NZX 50 index dropped 32.64 points, or 0.4 percent, to 9,293.95. Within the index, 24 stocks fell, 19 gained and seven were unchanged. Turnover was $136 million. A2 led the market lower, falling 2.6 percent to $11.08 after disclosing director Peter Hinton sold 25,000 shares at $1...

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