MARKET CLOSE NZ shares mixed; Fletcher, Diligent rise, Telecom falls

Wed, 21 Nov 2012

Nov. 21 (BusinessDesk) - New Zealand shares were mixed, with Fletcher Building pacing gainers after giving an upbeat earnings outlook yesterday, while Telecom and Sky Network Television fell. The NZX 50 Index fell 1.71 points, or 0.04 percent, to 3971.23. Within the index, 19 stocks gained, 22 fell and nine were unchanged. Turnover was a higher-than-average $145 million. Fletcher, the biggest company on the NZX, rose 1.1 percent to a 13-month high close of $7.73, adding to yesterday’s 3.7 percent gain when it said operating earnings will gro...

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