MARKET CLOSE NZ shares fall on NZD-AUD strength, Fletcher down; MSCI changes kick in

Tue, 26 Nov 2013

Nov. 26 (BusinessDesk) – New Zealand shares fell as a kiwi dollar near five-year highs against the Australian dollar hurt companies such as Fletcher Building with Australian sales. SkyCity Entertainment Group was unchanged and Ryman Healthcare gained on heavy volume as MSCI changes kicked in. The NZX 50 Index fell 23.128 points, or 0.5 percent, 4790.752. Within the index, 18 stocks fell, 22 rose and 10 were unchanged. Turnover was $813 million. The kiwi dollar rose as high as 89.99 Australian cents in the past 24 hours, the highest in five y...

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