MARKET CLOSE NZ shares fall Fletcher and Air NZ drop, Warehouse, MRP go ex-div

Mon, 10 Mar 2014

By Suze Metherell March 10 (BusinessDesk) – New Zealand stocks fell as a drop in Chinese exports and producer prices weighed on equity markets across the Asia Pacific region. Fletcher Building and Air New Zealand paced the decline, and Warehouse Group, MightyRiverPower and Heartland New Zealand shed their dividends. The NZX 50 Index fell 7.817 points, or about 0.2 percent, from a record to 5117.835. Within the index, 27 stocks fell, 16 rose and seven were unchanged. Turnover was $102.4 million. China’s exports tumbled 18 percent in Februar...

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