MARKET CLOSE: NZ shares fall as Warehouse lowers guidance; Goodman gains on yield hunt

Wed, 07 Jan 2015

By Suze Metherell Jan. 7 (BusinessDesk) - New Zealand shares fell, led by Warehouse Group as investors mulled a possible dividend cut after it downgraded first-half guidance. Fellow retailer Kathmandu Holdings paced the decline. Goodman Property Trust gained as investors hunted for yield. The NZX 50 Index fell 3.321 points, or 0.1 percent, to 5558.057. Within the index, 26 stocks fell, 17 rose, and seven were unchanged. Turnover was $96 million. Warehouse dropped 6.4 percent to $2.91, after New Zealand's largest listed retailer said ...

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