MARKET CLOSE NZ shares fall with Tower, Diligent; Chorus, Abano rally

Wed, 07 Aug 2013

Aug 7 (BusinessDesk) – New Zealand shares fell, led by Tower and Diligent Board Members Services as the insurer flagged new capital requirements and the IT firm continued to sink in the wake of its revenue restatements. The NZX 50 Index declined 27.197 points, or 0.6 percent, to 4548.304. Within the index, 28 stocks fell, 11 rose and 11 were unchanged. Turnover was $106.9 million, including $20 million of Chorus. Tower declined 2.7 percent to $1.80 following the insurer’s announcement yesterday that it may be required to hold more capital....

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