MARKET CLOSE NZ shares fall; Diligent tumbles, MightyRiverPower, Meridian fall

Wed, 04 Dec 2013

Dec. 4 (BusinessDesk) – New Zealand shares fell as investors punished Diligent Board Member Services for delaying its financial statements again and election-linked regulatory fears continued to weigh on power companies such as MightyRiverPower, Contact Energy and Meridian Energy. The NZX 50 Index dropped 49.698 points, or 1 percent, to 4734.155. Within the index, 38 stocks fell, four rose and eight were unchanged. Turnover was $143 million. Diligent dropped 13 percent to $3.35 after the governance software developer said it won’t meet a Dec...

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