MARKET CLOSE: NZ shares fall; Genesis, MRP decline, A2 surges on takeover news

Mon, 22 Jun 2015

By Suze Metherell June 22 (BusinessDesk) - New Zealand shares fell as investors looked to crystallise some of their recent gains. MightyRiverPower and Genesis Energy declined, while A2 Milk Co surged on news of a possible takeover. The benchmark index, called the S&P/NZX 50 Index from today under a deal with S&P Dow Jones Indices, fell 9.721 points, or 0.2 percent, to 5772.040. Within the index, 27 stocks fell, 14 rose and nine were unchanged. Turnover was $118 million. The benchmark index has gained some 3.8 percent since the start...

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