MARKET CLOSE: NZ shares fall with profit taking on Spark, Freightways, SkyCity

Wed, 02 Dec 2015

By Sophie Boot Dec. 2 (BusinessDesk) - New Zealand shares fell as some investors looked to crystallise gains after the benchmark index hit a record high yesterday. Spark New Zealand, Freightways and SkyCity Entertainment Group were among the biggest decliners. The S&P/NZX 50 Index slipped 7.36 points, or 0.12 percent, to 6143.32. Within the index, 23 shares rose, 19 fell and 5 were unchanged. Turnover was $136 million. Spark led the market lower, falling 2.7 percent to $3.31. The stock had risen 6.4 percent since November 17 before tod...

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