MARKET CLOSE NZ shares fall with ASX; Telecom, Fletcher slip

Thu, 05 Sep 2013

Sept. 5 (BusinessDesk) – New Zealand shares fell with Australian shares ahead of the federal election and after that nation unexpectedly posted a trade deficit. Telecom and Fletcher Building paced the decline, along with Australia & New Zealand Banking Group and Westpac Banking Corp. The NZX 50 Index fell 5.955 points, or 0.1 percent, from a four-month high to 4604.351. Within the index, 26 stocks fell, 16 rose and eight were unchanged. Turnover was $138 million. Fletcher, the biggest company on the NZX 50, fell 0.1 percent from a seven-mont...

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