MARKET CLOSE: NZ shares fall as some investors take profits, ASX 200 drops; Fletcher, banks decline

Tue, 05 Apr 2016

By Jonathan Underhill April 5 (BusinessDesk) - New Zealand shares fell as the soaring S&P/NZX 50 Index prompted some investors to take profits and as weak commodity prices weighed on the Australian market. Fletcher Building, Westpac Banking Corp and Australia & New Zealand Banking Group led the decline. The NZX 50 fell 27.79 points, or 0.4 percent, to 6,715.81. Within the index, 17 stocks fell, 22 rose and 11 were unchanged. Turnover was about $208 million. Stock markets fell across Asia amid concerns falling prices for crude oil and o...

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