MARKET CLOSE: NZ shares fall, paced by Fletcher, Air NZ, Fonterra

Thu, 26 Mar 2015

By Suze Metherell March 26 (BusinessDesk) - New Zealand shares fell, paced by Fletcher Building and Air New Zealand, as a global sell off weighed on local stocks. Fonterra Shareholders' Fund extended yesterday's decline after the dairy giant lowered its dividend forecast. The NZX 50 Index fell 24.614 points, or 0.4 percent, to 5833.168. Within the index, 21 stocks fell, 14 rose and 15 were unchanged. Turnover was $111 million. Overnight Wall Street fell as weak economic data spooked investors about the recovery of the world's largest...

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