MARKET CLOSE NZ shares mixed as investors prepare for annual meetings

Thu, 11 Oct 2012

By Paul McBeth Oct 11 (BusinessDesk) - New Zealand shares were mixed in trading today as investors prepare for a raft of annual meetings where company boards will offer insights into how their firms are trading, and may downgrade their earnings forecasts as the local economic recovery slows. The NZX 50 index fell 4.84 points, or 0.1 percent, to 3883.3. Within the index, 30 stocks fell, 12 gained and eight were unchanged. Turnover was $82.8 million. Company news has died down after the half-year and annual results last month, and investors...

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