MARKET CLOSE: NZ shares fall from record, led by Warehouse, Kathmandu

Thu, 15 Jan 2015

By Suze Metherell Jan. 15 (BusinessDesk) - New Zealand shares fell from a record led by Warehouse Group, as the retailer extended its decline after poor Christmas sales. Kathmandu Holdings paced the fall while dividend-paying stocks, including Meridian Energy, Precinct Properties New Zealand and MightyRiverPower advanced as investors chased yield. The NZX 50 Index fell 6.573 points, or 0.1 percent, to 5642.052. Within the index, 28 stocks fell, 15 rose, and seven were unchanged. Turnover was $115 million. Retailers fell after flagging...

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