MARKET CLOSE: NZ shares fall; Chorus at month-low, Metro Glass drops, Metlifecare rises

Mon, 28 Aug 2017

By Sophie Boot Aug. 28 (BusinessDesk) - New Zealand shares fell, led by Chorus which hit a one-month low, while Metro Performance Glass extended last week's slide and Metlifecare rallied. The S&P/NZX 50 Index dropped 30.94 points, or 0.4 percent, to 7,826.87. Within the index, 25 stocks fell, 19 rose and six were unchanged. Turnover was $125.9 million. Chorus led the index lower, down 5.6 percent to $4.39. It lifted annual profit 24 percent to $113 million after cutting costs and changing the way it capitalises some labour costs, makin...

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