MARKET CLOSE: NZ shares fall; Fonterra drops after earnings, Sky TV gains on ComCom appeal

Wed, 22 Mar 2017

By Sophie Boot March 22 (BusinessDesk) - New Zealand shares fell, with Fonterra Shareholders' Fund and Fletcher Building dropping while Sky Network Television rose after the pay-TV company said it will challenge the regulator's decision to decline its Vodafone merger. The S&P/NZX 50 Index dropped 24.71 points, or 0.3 percent, to 7,060.83. Within the index, 30 stocks fell, 12 rose and eight were unchanged. Turnover was $171 million. Dual-listed banks led the index lower, with Australia & New Zealand Banking Group down 2.7 percent to $33...

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