MARKET CLOSE NZ shares fall, led by ANZ, Westpac, Fletcher; Heartland gains

Wed, 05 Jun 2013

June 5 (BusinessDesk) – New Zealand shares fell, as disappointing Australian growth data added to selling pressure from offshore investors spooked by a weak currency. Westpac Banking Corp, Australia & New Zealand Banking Group and Fletcher Building dropped. The NZX 50 Index fell 20.19 points, or 0.5 percent, to 4453.58. Within the index, 29 stocks fell, nine rose and 12 were unchanged. Turnover was $133 million. Australia’s economy grew 0.6 percent in the first quarter, missing some forecasts, while the Australian dollar has declined from ab...

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