MARKET CLOSE: NZ shares fall, led by Fonterra fund, on lower dividend guidance

By Suze Metherell
March 25 (BusinessDesk) - New Zealand shares fell, led by Fonterra Shareholders' Fund, after the world's biggest dairy exporter lowered its guidance for dividends. Spark New Zealand and Fletcher Building paced the decline after shedding rights to their dividends.
The NZX 50 Index fell 12.757 points, or 0.2 percent, to 5857.782. Within the index was mixed, 18 stocks fell, 18 rose and 14 were unchanged. Turnover was $128 million.
Units of the Fonterra fund, which are entitled to the dividends from the ordinary shares...
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