MARKET CLOSE: NZ shares fall as profit takers enter market; Tower, MRP, Freightways decline

Wed, 07 Oct 2015

By Suze Metherell Oct. 7 (BusinessDesk) - New Zealand shares fell as investors looked to book recent gains in a volatile market. Tower led the benchmark index lower, followed by Freightways, MightyRiverPower and Steel & Tube Holdings. The S&P/NZX 50 Index fell 18.08 points, or 0.3 percent, to 5650.03. Within the index, 23 stocks fell, 22 rose and five were unchanged. Turnover was $120 million. The benchmark index is up 1 percent so far this week, after declined 3.5 percent in the September quarter. Trading last quarter was marked by v...

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