MARKET CLOSE NZ shares fall; Warehouse down on Noel Leeming skepticism

Tue, 11 Dec 2012

Dec. 11 (BusinessDesk) – New Zealand shares fell, led by Warehouse Group on concern its decision to buy appliance and electronics retailer Noel Leeming puts it in the toughest part of the market. Fletcher Building rose to a 17-month high. The NZX 50 Index fell 4.59 points, or 0.1 percent, to 4026.18. Within the index, 23 stocks fell, 13 gained and 14 were unchanged. Turnover was about $123 million. Warehouse dropped 2.6 percent to $3.02. Yesterday, the biggest retailer on the bourse said it had acquired Noel Leeming for $65 million from Gres...

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