MARKET CLOSE: NZ shares fall as A2 Milk disappoints; Skellerup, TradeMe surge

Thu, 20 Aug 2015

By Suze Metherell Aug. 20 (BusinessDesk) - New Zealand shares fell, led by A2 Milk Co after the milk marketer failed to update investors on any takeover action. Skellerup Holdings and Trade Me Group advanced after reporting better than expected full year earnings. The S&P/NZX 50 Index decreased 7.58 points, or 0.1 percent, to 5742.45. Within the index, 21 stocks fell, 22 rose and seven were unchanged. Turnover was $153 million. A2 dropped 6.5 percent to 72 cents after the milk marketing company reported an annual loss of $2.09 millio...

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