MARKET CLOSE: NZ shares fall; MRP, Genesis decline on 1H

Tue, 24 Feb 2015

By Suze Metherell Feb. 24 (BusinessDesk) - New Zealand shares fell paced by Genesis Energy and MightyRiverPower as their first-half earnings disappointed investors. Outside the benchmark index, SLI Systems climbed. The NZX 50 Index fell 31.392 points, or 0.5 percent, to 5722.965. Within the index, 24 stocks fell, 17 rose and nine were unchanged. Turnover was $120 million. Financial reporting season is underway, with investors looking to earnings growth to justify the markets recent gain. Yield stocks, held for their regular dividend,...

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