MARKET CLOSE: NZ shares fall, led by Metro Glass; Spark, Fletcher sold in offshore exodus

Wed, 27 May 2015

By Suze Metherell May 27 (BusinessDesk) - New Zealand shares fell, led by Metro Performance Glass after it missed prospectus sales forecasts. Spark New Zealand and Fletcher Building declined as offshore investors repatriated funds back home. The NZX 50 Index fell 37.917 points, or 0.7 percent, to 5757.938. Within the index, 28 stocks fell, 14 rose and four were unchanged. Turnover was $135 million. Metro Glass dropped 4.9 percent to $1.75. The company, which has more than half of New Zealand's glass processing market, reported profit...

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