MARKET CLOSE: NZ shares fall as prospect of new rivals weigh on retirement villages

Tue, 16 Sep 2014

By Suze Metherell Sept. 16 (BusinessDesk) - New Zealand shares fell, led by Summerset Group Holdings, as the prospect of new rivals weighed on listed retirement village operators. Stocks with regulatory pressure, such as Air New Zealand, Chorus and energy companies fell amid political uncertainty ahead of Saturday's general election. The NZX 50 Index fell 21.075 points, or 0.4 percent, to 5189.785. Within the index, 31 stocks fell, 12 rose and seven were unchanged. Turnover was $83.6 million, continuing light trading in the lead-up to the...

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