MARKET CLOSE NZ shares fall as funds freed up for Trade Me, index changes loom

Mon, 17 Dec 2012

Dec. 17 (BusinessDesk) – New Zealand shares fell as some investors freed up funds to buy into Fairfax Media’s Trade Me selldown and prepared for index changes that will add rest home operators Summerset and Metlifecare to the NZX 50. The NZX 50 fell 12.68 points, or 0.3 percent, to 3966.48. Within the index, 21 stocks fell, 20 gained and nine were unchanged. Turnover was $104 million. NZ Refining, one of two companies that will exit the NZX 50 on Dec. 24, fell 2.9 percent to $2.35. Goodman Fielder, the Australian food manufacturer, rose 7.8...

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