MARKET CLOSE: NZ shares fall; Spark, Fletcher decline on weak kiwi

Fri, 12 Jun 2015

By Suze Metherell June 12 (BusinessDesk) - New Zealand shares fell, as offshore investors sold blue chip equities, such as Spark New Zealand and Fletcher Building, in the face of a declining dollar. MightyRiverPower, Genesis Energy and Contact Energy rose on the prospect of lower interest rates. The NZX 50 Index dropped 11.445 points, or 0.2 percent, to 5846.968. Within the index, 23 stocks fell, 17 rose and 10 were unchanged. Turnover was $114 million. The local currency declined sharply yesterday after Reserve Bank governor Graeme W...

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