MARKET CLOSE: NZ shares fall as Pushpay, Fletcher drop; Summerset gains on new village

Tue, 07 Aug 2018

By Sophie Boot Aug. 7 (BusinessDesk) - New Zealand shares fell, led lower by ongoing weakness in Pushpay Holdings and as construction sector fears weigh on Fletcher Building, while Summerset Group Holdings gained. The S&P/NZX 50 Index dropped 27.4 points, or 0.3 percent, to 8,875.73. Within the index, 25 stocks fell, 15 rose and 10 were unchanged. Turnover was $124.8 million. Pushpay led the index lower, down 3.7 percent to $3.70. The stock has dropped 10.8 percent since Aug. 1, when the company delivered first-quarter revenue within g...

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