MARKET CLOSE: NZ shares fall, led by Meridian, Spark, Fletcher

Thu, 05 Mar 2015

By Suze Metherell March 5 (BusinessDesk) - New Zealand shares fell, led by Meridian Energy ahead of its second instalment receipt coming due in May. Spark New Zealand and Fletcher Building declined. The NZX 50 Index fell 17.31 points, or 0.3 percent, to 5856.772. Within the index, 25 stocks fell, 19 rose and six were unchanged. Turnover was $141 million. Meridian dropped 4.9 percent to $2.025. The partially privatised energy company listed on the bourse in October 2013, with the shares offered in instalment receipts to sweeten the off...

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