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

Mon, 15 Jun 2015

By Suze Metherell June 15 (BusinessDesk) - New Zealand shares fell, as Contact Energy and MightyRiverPower were sold by investors looking to crystallise recent gains. Fisher & Paykel Healthcare slipped from a record high. The NZX 50 Index fell 26.999 points, or 0.5 percent, to 5819.969. Within the index, 30 stocks fell, 14 rose and six were unchanged. Turnover was $119 million. The benchmark index has gained 5 percent since the start of the year, pushed to record levels as investors search for income paying equities in the face of a...

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