MARKET CLOSE: NZ shares fall; Meridian drops ahead of installment

Wed, 22 Apr 2015

By Suze Metherell April 22 (BusinessDesk) - New Zealand share fell, paced by Meridian Energy as its upcoming installment payment weighed on the market. Spark New Zealand fell to a near eight-month low. The NZX 50 Index fell 23.904 points, or 0.4 percent, to 5793.614. Within the index, 30 stocks fell, 11 rose and nine were unchanged. Turnover was $133 million. Meridian dropped 2.1 percent to $1.85. The partially privatised energy company listed on the bourse in October 2013, with the shares offered in installment receipts to sweeten t...

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