MARKET CLOSE: NZ shares fall in face of manufacturing dip; Nuplex drops

Fri, 22 Jun 2012

June 22 (BusinessDesk) - New Zealand shares fell after manufacturing data from around the globe pointed to sluggish demand, weighing on companies including Nuplex Industries . The NZX 50 index fell 10.19 points, or 0.3 percent, to 3399.19. Within the index, 31 stocks fell, 15 rose and four were unchanged. Turnover was about $89 million. Nuplex, which makes specialty chemicals it sells in most parts of the world, fell 3.8 percent to $2.52. NZ Oil & Gas declined 2.5 percent to 77 cents. "Nuplex and NZOG have come off the boil," said Shane Sol...

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