MARKET CLOSE: NZ shares fall; Fletcher’s slide continues, NZ Refining sinks

Tue, 26 Jun 2012

June 26 (BusinessDesk) - New Zealand shares fell to their lowest close since early March, as Fletcher Building continued its slide and NZ Refining fell to the lowest in almost a seven-year low amid plans to spend up on expanding production. The NZX 50 Index fell 19.80 points, or 0.6 percent, to 3381.32. Within the index, 21 stocks fell, 19 rose, and 10 were unchanged. Turnover was $97.4 million. Fletcher, the nation’s biggest construction company, fell 1.7 percent to $5.88, the lowest since January. Progress rebuilding Christchurch, which is...

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