MARKET CLOSE: NZ shares fall paced by Fletcher, Sky TV; Spark gains on price hike

Wed, 10 Dec 2014

By Suze Metherell Dec. 10 (BusinessDesk) - New Zealand shares fell paced by Fletcher Building and Sky Network Television as offshore investors reconsider stock valuations as they prepare for next year. Spark New Zealand climbed after it flagged plans to hike retail prices. The NZX 50 Index fell 19.358 points, or 0.3 percent, to 5523.575. Within the index, 33 stocks fell, 12 rose and five were unchanged. Turnover was $189 million. Blue chip stocks with a large offshore investor base fell as traders weighed up the outlook for the New Zea...

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