MARKET CLOSE: NZ shares fall from record; Air NZ, MRP, F&P decline

Fri, 30 Oct 2015

By Suze Metherell Oct. 30 (BusinessDesk) - New Zealand stocks fell, retreating from record levels as investors booked profits. Air New Zealand, MightyRiverPower and Fisher & Paykel Healthcare declined in a broad-based selloff. The S&P/NZX 50 Index fell 16.59 points, or 0.3 percent, to 5986.38. Within the index, 20 stocks fell, 20 rose and 10 were unchanged. Turnover was $160 million. The benchmark index has advanced some 7 percent this month, recovering from September's volatility. Air NZ, the national carrier whose shares have cl...

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