MARKET CLOSE: NZ shares fall paced by Warehouse; Air NZ gains on tumbling oil prices

Thu, 27 Nov 2014

By Suze Metherell Nov. 27 (BusinessDesk) - New Zealand shares fell, paced by Warehouse Group and Pumpkin Patch as investors mulled the health of the retail sector. Air New Zealand gained on falling oil prices. The NZX 50 Index fell 2.014 points, or 0.03 percent, to 5455.378. Within the index, 22 shares fell, 19 rose and nine were unchanged. Turnover was $86.2 million. Warehouse fell 1.9 percent to $3.09. New Zealand's largest listed retailer, which is struggling to grow earnings, has advised sales heading into the peak Christmas season...

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