MARKET CLOSE: NZ shares fall; Summerset, Diligent give up recent gains

Fri, 16 Jan 2015

By Suze Metherell Jan. 16 (BusinessDesk) - New Zealand shares fell as investors looked to crystalise recent gains, Summerset Group Holdings, Diligent Board Member Services and Meridian Energy fell. Kathmandu Holdings declined as investors await the appointment of a permanent chief executive. The NZX 50 Index fell 25.326 points, or 0.4 percent, to 5616.726. Within the index, 33 stocks fell, 10 rose and seven were unchanged. Turnover was $85 million. The benchmark index has gained 0.9 percent since the start of the year, compared to a 4....

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