MARKET CLOSE NZ shares falls in second day of Fed adjustment; Diligent, Sky TV drop

Fri, 21 Jun 2013

June 21 (BusinessDesk) – New Zealand shares fell, pushing the NZX 50 Index to a three month low, as the prospect of an end to Federal Reserve stimulus continued to drive volatility in equity markets. Diligent Board Member Services and Sky Network Television extended their slide. The NZX 50 fell 35.451 points, or 0.8 percent, to 4363.07. Within the index, 35 stocks fell, 11 rose and four were unchanged. Turnover was $195 million. Diligent, whose software helps company directors manage their information flows, dropped 7.2 percent to $7.01. Yes...

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