MARKET CLOSE: NZ shares fall led by Kathmandu on weak outlook

Tue, 24 Mar 2015

By Suze Metherell March 24 (BusinessDesk) - New Zealand shares fell, led by Kathmandu Holdings as it posted a first-half loss. Spark New Zealand and Fisher & Paykel Healthcare Corp paced the decline. The NZX 50 Index fell 4.688 points, or 0.1 percent, to 5870.539. Within the index, 18 stocks fell, 26 rose and six were unchanged. Turnover was $121 million. Kathmandu dropped 13 percent to $1.40. The outdoor goods retailer posted a loss of $1.8 million in the six months ended Jan. 31, from a profit of $11.4 million the previous period a...

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