MARKET CLOSE: NZ shares fall, as Trustpower sale weighs

Thu, 23 Apr 2015

By Suze Metherell April 23 (BusinessDesk) - New Zealand shares fell, paced by power and broadband company Trustpower as a major shareholder reduced itsstake. Spark New Zealand, MightyRiverPower and Contact Energyalso declined. The NZX 50 Index fell 35.705 points, or 0.6 percent, to 5757.909. Within the index, 25 stocks fell, 16 rose and nine were unchanged. Turnover was $285 million. Trustpower declined 2.2 percent to $7.90, while $156 million worth of shares changed hands. Shareholder Tauranga Energy Consumer Trust reduced its stake t...

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