MARKET CLOSE: NZ shares fall, led by NZOG on abandoned well

Tue, 08 Jul 2014

By Paul McBeth Jul. 8 (BusinessDesk) - New Zealand shares fell, led by New Zealand Oil & Gas after it pulled the pin on its latest exploratory well, and as investors prepare for the pointy end of a raft of new listings and the upcoming earnings season. The NZX 50 Index fell 20.285 points, or 0.4 percent, to 5166.075. Within the index, 28 stocks fell, 12 gained, and 10 were unchanged. Turnover was $136.6 million. Investors have been busy with the pipeline of initial public offers, with Metro Performance Glass filing its prospectus yeste...

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