MARKET CLOSE NZ shares fall; Goodman Fielder, NZ Refining leave index

Fri, 21 Dec 2012

Dec. 21 (BusinessDesk) – New Zealand shares fell, snapping a three-day rally as further delays to fiscal cliff talks in the US weighed on equity markets across Asia. Goodman Fielder and NZ Refining dropped as they exited the NZX 50 Index. The NZX 50 fell 20.71 points, or 0.5 percent, to 4054.74. Within the index, 24 stocks fell, 20 rose and six were unchanged. Turnover was $165 million. Goodman Fielder, the Australian food manufacturer, dropped 3.8 percent to 76 cents and NZ refining, the nation’s only oil refinery, declined 2.8 percent to $...

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