MARKET CLOSE NZ shares fall as Fletcher, SkyCity shed dividend; Wrightson drops

Wed, 26 Sep 2012

Sept. 26 (BusinessDesk) - New Zealand shares fell, pushing the NZX 50 Index from a 4 ½-year high as Fletcher Building and SkyCity Entertainment Group shed their dividends. Rural services company PGG Wrightson fell after dairy giant Fonterra posted a drop in annual sales. The NZX 50 Index fell 15.99 points, or 0.4 percent, to 3809.32. Within the index, 30 shares fell, nine rose and 11 were unchanged. Turnover was $118 million. Fletcher Building, New Zealand's largest construction company, fell about 3 percent to $6.85 after shedding its 17 c...

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