MARKET CLOSE NZ shares fall with ASX as kiwi gains on A$; Fletcher falls

Wed, 03 Jul 2013

July 3 (BusinessDesk) – New Zealand shares fell, tracking a slide in Australian stocks and as the kiwi dollar reached a four-year high against the Australian dollar, hurting companies with businesses across the Tasman such as Fletcher Building. The NZX 50 Index fell 7.498 points, or 0.2 percent, to 4450.756. Within the index, 20 stocks fell, 20 rose and 10 were unchanged. Turnover was $113 million. Australia’s S&P/ASX 200 Index was down about 1.9 percent in afternoon trading after retail sales rose less than expected and figures showed Austr...

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