MARKET CLOSE NZ shares fall with global equities, commodities; OGC, Fonterra down

Tue, 16 Apr 2013

April 16 (BusinessDesk) – New Zealand shares fell, as weaker economic data from China and the US weighed on equity markets and commodity prices. OceanaGold, NZ Oil & Gas and Fonterra Shareholders’ Fund were among decliners. The NZX 50 Index fell 26.87 points, or 0.6 percent, to 4427.83. Within the index, 30 stocks fell, 11 rose and nine were unchanged. Turnover was $157 million. The benchmark index tumbled hard at the open after China reported sub-8 percent economic growth on Monday and reports of the Boston marathon bombings began to emerge...

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