MARKET CLOSE NZ shares fall; Kathmandu leads retailers lower; MRP falls

Fri, 09 Aug 2013

Aug. 9 (BusinessDesk) – New Zealand shares fell, pushing the NZX 50 Index to a month low, as Kathmandu led a decline in retailers after soft electronic cards data and MightyRiverPower extended its slide on concern about future power demand. The NZX 50 fell 7.74points, or 0.2 percent, to 4533.642. Within the index, 18 stocks fell, 18 rose and 14 were unchanged. Turnover was $87 million. Kathmandu, the outdoor equipment chain, fell 2.3 percent to $2.56 after government figures showed that excluding fuel, core retail transactions on credit and...

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