MARKET CLOSE NZ shares fall; Mainfreight, Diligent decline

Tue, 21 May 2013

May 21 (BusinessDesk) – New Zealand shares fell on concern prices have run up ahead of earnings and profit downgrades in Australia weighed on companies with businesses across the Tasman, including Mainfreight, Australia & New Zealand Banking Group, Westpac Banking Corp and AMP. The NZX 50 Index fell 7.816 points, or 0.2 percent, to 4590.839. Within the index, 25 stocks fell, 15 rose and 10 were unchanged. Turnover was $175 million. Mainfreight, the transport group, fell about 2 percent to $9.85 as Australian firms including Transfield and Wo...

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