MARKET CLOSE NZ shares fall; Diligent restates accounts, Fonterra rebounds

Tue, 06 Aug 2013

Aug 6 (BusinessDesk) – New Zealand shares fell, as Diligent Board Member Services led most tech stocks lower after saying it would restate three years of revenue, delaying its second-quarter results. Fonterra Shareholders’ Fund rebounded in heavy trading on news China hasn’t imposed a blanket ban. The NZX 50 Index fell 13.984 points, or 0.3 percent, to 4575.501. Within the index, 24 stocks fell, 15 rose and 11 were unchanged. Turnover was $133 million, with $51 million of that made up of Fonterra units. Diligent, which provides software to h...

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