MARKET CLOSE NZ shares fall paced by Fletcher, Trade Me as earnings miss estimates

MARKET CLOSE NZ shares fall paced by Fletcher, Trade Me as earnings miss estimates
Aug. 22 (BusinessDesk) - New Zealand shares fell, led by Fletcher Building and Trade Me after they missed earnings estimates. PGG Wrightson gained following a return to profit. The NZX 50 Index fell 29.35 points, or 0.8 percent, to 3658.37. Within the index, 24 stocks fell, 19 rose and seven were unchanged. Turnover was $122.6 million. Fletcher fell 5.1 percent to $6.32. The country's biggest construction and building products company reported a 12 percent drop in annual earnings before one-time charges to $317 million on sales growth fuelle...