MARKET CLOSE: NZ shares fall with oil; OceanaGold, Fletcher slip; Air NZ gains

Tue, 16 Dec 2014

By Suze Metherell Dec. 16 (BusinessDesk) - New Zealand shares joined in a global sell off, led by OceanaGold Corp and Fletcher Building, as investors were spooked by a falling oil price. Air New Zealand, Mainfreight and Z Energy gained on the prospect of cheaper fuel costs. The NZX 50 Index fell 3.32 points, or 0.1 percent, to 5495.752. Within the index, 24 stocks fell, 13 rose and 13 were unchanged. Turnover was $140 million. Overnight Wall Street and European equity markets dropped on concern the sliding price of oil, to the lowest...

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