MARKET CLOSE: NZ shares fall as gloomy building sector weighs on Fletcher

Wed, 31 Jul 2019

By Paul McBeth July 31 (BusinessDesk) - New Zealand shares fell as a gloomy local construction sector and warnings about the state of building conditions in Australia weighed on Fletcher Building. The S&P/NZX 50 Index declined 21.2 points, or 0.2 percent, to 10,857.75. Within the index, 22 stocks fell, 23 rose, and five were unchanged. Turnover was $143.7 million. Fletcher Building led the market lower, down 2.6 percent at $4.96 on a volume of almost 2 million shares, almost twice its 90-day average of 973,000. The ANZ Business Outloo...

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