MARKET CLOSE NZ shares fall in subdued trading as earnings approach

Mon, 29 Jul 2013

July 29 (BusinessDesk) - New Zealand shares fell, led by Telecom Corp and general weakness among several other Top 10 stocks. The NZX 50 Index fell 3.515 points, or 0.77 percent, to 4,578.475. Within the index, 16 stocks rose, 22 fell and 12 were unchanged. Turnover was subdued by the standards of much of this year, at $85.2 million. "There's not a huge amount of activity. People are looking towards the reporting season," said Mark Lister, head of private wealth management at Craigs Investment Partners. The corporate earnings season for com...

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