MARKET CLOSE: NZ shares fall as Fletcher rights issue takes focus; AIA, A2, Comvita drop

Tue, 17 Apr 2018

By Paul McBeth April 17 (BusinessDesk) - New Zealand shares fell as investors weighed up the impact of Fletcher Building's deeply discounted rights issue soaking up demand from the broader market. Auckland International Airport and exporters A2 Milk Co and Comvita dropped. The S&P/NZX 50 Index declined 61.83 points, or 0.7 percent, to 8,344.52. Within the index, 26 stocks fell, 13 gained and 11 were unchanged. Turnover was a smaller-than-usual $82 million, with trading in Fletcher shares halted for the capital raise. Fletcher today a...

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