MARKET CLOSE: NZ shares fall, rounding out 18% annual gain led by Chorus

Wed, 31 Dec 2014

By Paul McBeth Dec. 31 (BusinessDesk) - New Zealand shares fell on the last day of 2014, rounding out an 18 percent annual gain that was led by telecommunications network operator Chorus, which rebounded after being punished over the threat of regulation in 2013. Air New Zealand led decliners on the day. The NZX 50 Index fell 8.918 points, or 0.2 percent, to 5568.283. Within the index, 20 stocks fell, 20 gained, and 10 were unchanged. Turnover was $49.6 million, compared to a daily average $162 million in November. The annual gain adds to...

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