MARKET CLOSE: NZ shares fall; MRP, Genesis, Fletcher decline

Mon, 27 Jul 2015

By Suze Metherell July 27 (BusinessDesk) - New Zealand shares fell in lighter than usual trading, led by MightyRiverPower, as investors wait on a decision over the future of the Tiwai Point aluminium smelter. Fletcher Building and Ebos Group declined. The S&P/NZX 50 Index declined 22.12 points, or 0.4 percent, to 5872.06. Within the index, 26 stocks fell, 16 rose and eight were unchanged. Turnover was $69.7 million. Investors are weighing up the outlook for power companies as they await the decision on whether New Zealand Aluminium S...

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