MARKET CLOSE: NZ shares fall; Meridian, MRP, DNZ drop on weakening yield demand

Wed, 04 Mar 2015

By Suze Metherell March 4 (BusinessDesk) - New Zealand shares fell, led by Meridian Energy and MightyRiverPower as demand abated for companies with dependable dividend streams. Warehouse Group rose ahead of reporting its earnings this week. The NZX 50 Index fell 19.579 points, or 0.3 percent, to 5874.082. Within the index, 22 stocks fell, 19 rose and nine were unchanged. Turnover was $156 million. Overnight bond yields rally, as investors bet on the US economy recovery and the Federal Reserve lifting interest rates in the world's larg...

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