MARKET CLOSE: NZ shares fall on Grexit fears; Fletcher, Kathmandu, ANZ drop

Mon, 06 Jul 2015

By Suze Metherell July 6 (BusinessDesk) - New Zealand shares fell in a region-wide sell off as uncertainty over Greece's financial stability overshadowed equity markets. Dual-listed stocks such as Kathmandu Holdings, Westpac Banking Corp and Australia and New Zealand Banking Group dropped, while Fletcher Building tumbled to the lowest level in more than two years. The S&P/NZX 50 Index declined 64.28 points, or 1.1 percent, to 5776.62. Within the index, 36 stocks fell, five rose and nine were unchanged. Turnover was $119 million. The l...

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