MARKET CLOSE: NZ shares fall led by Meridian; Fliway drops on debut

Thu, 09 Apr 2015

By Suze Metherell April 9 (BusinessDesk) - New Zealand shares fell in today's trading led by Meridian Energy as its installment fee came due. Fliway Group dropped below its offer price in its debut on the NZX. The NZX 50 Index fell 12.545 points, 0.2 percent, to 5847.17. Within the index, 18 stocks fell, 20 rose and 12 were unchanged. Turnover was $127 million. Meridian dropped for the eight consecutive day, down 2.9 percent to $1.85. The partially privatised energy company listed on the bourse in October 2013, with the shares offered...

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