MARKET CLOSE NZ shares fall; Fletcher gives up gains, Skellerup disappoints

Thu, 01 Nov 2012

Nov. 1 (BusinessDesk) – New Zealand shares fell as Fletcher Building gave up early gains and Skellerup Holdings was punished a second day for lowering its guidance. NZ Oil & Gas and PGG Wrightson rose. The NZX 50 Index fell 25.99 points, or 0.7 percent, to 3931.88. Within the index, 30 stocks fell, 13 rose and seven were unchanged. Turnover was $ 67.8 million. The benchmark index has continued to drift down from the highest levels in almost five years reached last week. Fletcher began the day stronger before falling back down below $7. It end...

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