MARKET CLOSE: NZ shares fall as oil prices weigh on NZOG, Air NZ gains

Fri, 28 Nov 2014

By Suze Metherell Nov. 28 (BusinessDesk) - New Zealand shares fell paced by New Zealand Oil & Gas as oil prices sank overnight while Air New Zealand gained on the prospect of continuing cheap jet fuel. Pacific Edge gained on its first-half earnings. The NZX 50 Index fell 30.931 points, or 0.6 percent, to 5424.447. Within the index, 31 stocks fell, 13 rose and six were unchanged. Turnover was $127 million. Across the Tasman, Australia's S&P/ASX 200 Index dropped 1.6 percent in afternoon trading, as Santos, a major oil and gas distributi...

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