MARKET CLOSE: NZ shares fall; NZX, ANZ down on earnings

Tue, 17 Feb 2015

By Suze Metherell Feb. 17 (BusinessDesk) - New Zealand shares fell, led by NZX after its annual costs rose more than expected. Australia & New Zealand Banking Group declined as its interest margins shrank in the last three months of 2014. The NZX 50 Index fell 8.034 points, or 0.1 percent, to 5750.211. Within the index, 20 stocks fell, 21 rose and nine were unchanged. Turnover was $154 million. NZX fell 4.1 percent to $1.16. The stock market operator, which made its biggest-ever acquisition by buying funds manager SuperLife in 2014, po...

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