MARKET CLOSE: NZ shares fall; SkyCity drops on convention centre probe

Wed, 13 Jun 2012

June 13 (BusinessDesk) - New Zealand shares fell, pushing the NZX 50 Index to a three-month low, after the Auditor-General announced an inquiry into Sky City Entertainment Group’s bid to build a convention centre and Restaurant Brands shed its dividend. The NZX 50 fell 43.86 points, or 1.3 percent, to 3381.73. Within the index, 27 stocks fell, 12 rose and 11 were unchanged. Turnover was $103 million. SkyCity, the Auckland-based casino and hotel company, fell 3.4 percent to $3.41 after deputy auditor-general Phillippa Smith said her office wi...

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