MARKET CLOSE: NZ shares fall; Xero, Diligent drop on tech IPOs, Fletcher at 4-month low

Wed, 04 Jun 2014

By Suze Metherell June 4 (BusinessDesk) - New Zealand shares fell, led by Xero, as investors reassess their portfolios ahead of two tech company listings set for mid-June, and more rumoured in the pipeline. Fletcher Building dropped to a four-month low. The NZX 50 Index fell 4.77 points, or 0.1 percent, to 5159.347. Within the index, 25 stocks fell, 18 rose and eight were unchanged. Turnover was $140 million. Investors are mulling the upcoming listings of utility and airport software company Gentrack and online business travel booking...

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