MARKET CLOSE: NZ shares fall, paced by Fletcher, Telecom, Auckland Airport

Thu, 21 Jun 2012

June 21 (BusinessDesk) - New Zealand shares fell, paced by the biggest companies on the bourse – Telecom, Fletcher Building and Auckland International Airport – after the Federal Reserve offered less stimulus in the US than had been hoped. The NZX 50 index fell 35.40 points, or 1 percent, to 3409.39. Within the index, 25 stocks fell, 14 rose and 11 were unchanged. Turnover was about $104 million. Telecom, the largest company on the exchange, was down 2.2 percent to $2.425, while shares in Fletcher Building, the country's largest construction...

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