MARKET CLOSE: NZ shares fall; Spark, MRP, Meridian drop

Tue, 21 Apr 2015

By Suze Metherell April 21 (BusinessDesk) - New Zealand shares fell, paced by Meridian Energy as traders sold the stock ahead of its second installment date coming due. Spark New Zealand and MightyRiverPower fell as investors looked to book recent gains The NZX 50 Index fell 6.759 points, or 0.1 percent, to 5817.518. Within the index, 25 stocks fell, 15 rose and 10 were unchanged. Turnover was $141 million. Meridian declined 1.8 percent to $1.89, with about $38 million worth of its shares changing hands. The partially privatised energ...

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