MARKET CLOSE: NZ shares fall, led by A2; Fletcher Building, CBL gain

Fri, 03 Nov 2017

By Sophie Boot Nov. 3 (BusinessDesk) - New Zealand shares dropped, led lower again by A2 Milk Co while Fletcher Building and CBL Corp rose. The S&P/NZX 50 Index fell 17.94 points, or 0.2 percent, to 8,065.12. Within the index, 22 stocks fell, 18 rose and 10 were unchanged. Turnover was $173.3 million. A2 fell 3.2 percent to $8.15. The stock has bounced around the past two days, falling as low as $7.45 on Wednesday before rising back to $8.42 yesterday, but is still up 295 percent this year. "A broker downgraded their recommendation...

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