MARKET CLOSE NZ shares fall from five year NZX50 high

Tue, 29 Jan 2013

Jan 29 (BusinessDesk) – New Zealand shares fell slightly after briefly hitting a five year high yesterday, with some analysts claiming there’s case for New Zealand equities to go higher if the forthcoming earnings season surprises with stronger than expected results. The NZX50 Index of leading stocks was down 4.148 points, of 0.99 percent, at 4,200.289. Turnover remained relatively light, at $66.895 million. Within the index, 17 stocks rose, 18 stocks fell, and 15 were unchanged. Among losers on the day was Fonterra Shareholders Fund, which...

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