MARKET CLOSE: NZ shares fall as Warehouse earnings weigh; Genesis, Restaurant Brands gain

Thu, 09 Mar 2017

By Sophie Boot March 9 (BusinessDesk) - New Zealand shares dropped Warehouse Group fell on a slump in first-half earnings and Fletcher Building extended its decline, while Genesis Energy and Restaurant Brands rose. The S&P/NZX50 Index fell 37.23 points, or 0.5 percent, to 7,140.99. Within the index, 28 stocks dropped, 14 rose and eight were unchanged. Turnover was $152.1 million. Warehouse Group fell 2.7 percent to $2.50. The retailer reported a 76 percent drop in first-half profit to $13.6 million after it took an impairment charge ag...

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