MARKET CLOSE: NZ shares fall; Chorus, A2, Genesis drop, Auckland Airport gains

Mon, 29 Aug 2016

By Jonathan Underhill Aug. 29 (BusinessDesk) - New Zealand shares fell after Chorus said profit growth stalled and chief executive Mark Ratcliffe will step down next year. A2 Milk and Genesis Energy also declined while Auckland International Airport and Air New Zealand gained. The S&P/NZX 50 Index declined 24.04 points, or 0.3 percent, to 7367.26. Within the index 27 stocks fell, 15 rose and nine were unchanged. Turnover was light at $84 million. Chorus dropped 1.7 percent to $4.55 after its full-year results, having risen to a record...

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