MARKET CLOSE: NZ shares fall as MSCI changes debated, Mercury falls, Fletcher gains

Fri, 20 Apr 2018

By Jonathan Underhill April 20 (BusinessDesk) - New Zealand shares fell, taking a negative lead from Wall Street, as Fletcher Building's share offer weighed on demand. Fisher & Paykel Healthcare, which gets almost half its revenue in North America, led the decline, paced by Meridian Energy, Ryman Healthcare and Arvida Group, while Synlait Milk rose to a record. The S&P/NZX 50 Index fell 49.81 points, or 0.6 percent, to 8,323.22. Within the index, 36 stocks fell, 12 rose and two were unchanged. Turnover was $148 million. Across the Tasm...

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