MARKET CLOSE: NZ shares fall, paced by OceanaGold, Auckland Airport on weak US data

Fri, 20 Jul 2012

July 20 (BusinessDesk) - New Zealand shares fell, led by OceanaGold and Auckland Airport as equity markets digested weaker data out of the US and the prospects that the Federal Reserve will act to stimulate the world's largest economy. The NZX 50 Index fell 22.07 points, or 0.6 percent, to 3463.70. Within the index, 26 stocks fell, 14 rose and 10 were unchanged. Turnover was $105 million. "There has been pretty widespread weakness across a range of large caps," said Mark Lister, head of private wealth research at Craigs Investment Partners....

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