MARKET CLOSE: NZ shares fall on Nuplex profit warning, rising NZOG exploration costs

Tue, 10 Jun 2014

By Suze Metherell June 10 (BusinessDesk) - New Zealand shares fell. Nuplex Industries dropped to a nine-month low after cutting its full-year earnings guidance. New Zealand Oil & Gas declined after it said costs for its offshore explorations in the Taranaki Basin had climbed to US$40 million from US$27 million. The NZX 50 Index fell 7.946 points, or 0.2 percent, to 5179.403. Within the index, 25 shares fell, 18 rose and seven were unchanged. Turnover was $81.6 million. Trading on the NZX was halted for 20 minutes this morning, owing to...

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