MARKET CLOSE NZ shares fall; Diligent, ANZ, Cavalier drop; MHI, STU gain

Fri, 16 Aug 2013

Aug. 16 (BusinessDesk) – New Zealand shares fell, led by Diligent Board Member Services while Australia & New Zealand Banking Group declined after forecasting a decline in lending margins and carpet maker Cavalier fell after saying earnings were hurt by restructuring costs. The NZX 50 Index fell 16.385 points, or 0.4 percent, to 4513.877. Within the index, 25 stocks fell, 11 gained and 14 were unchanged. Turnover was about $120 million. Diligent, which this month confirmed it will have to restate three years of revenue, fell 4.3 percent to $...

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