MARKET CLOSE NZ shares fall, led by Goodman Fielder, Telecom

Thu, 16 Aug 2012

By Hannah Lynch Aug. 16 (BusinessDesk) - New Zealand shares fell, led by Goodman Fielder after the company scotched media reports of a takeover offer and telecommunications company, Telecom declined from its highest level since August 2008. The NZX 50 Index fell 14.98 points, or 0.4 percent, to 3616.19. Within the index, 20 stocks fell, 19 rose and 11 were unchanged. Turnover was about $138.8 million, above the daily average this year. The decline was led by Goodman Fielder down 4.1 percent to 70 cents. The food ingredients manufacturer who...

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