MARKET CLOSE NZ shares fall in session dominated by earnings; Fletcher, Nuplex disappoint

Thu, 20 Feb 2014

By Suze Metherell Feb. 20 (BusinessDesk) – New Zealand stocks fell after Fletcher Building and Nuplex Industries posted earnings disappointed investors. Trade Me Group rebounded after dropping in the wake of its results yesterday. The NZX 50 Index fell 4.315 points, or about 0.1 percent, to 4909.827. Within the index, 19 stocks fell, 20 rose and 11 were unchanged. Turnover was $144 million. In one of the biggest days of earnings season six NZX 50 listed companies reported. New Zealand’s biggest listed company Fletcher fell 1.9 percent to...

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