MARKET CLOSE NZ shares mixed; Fonterra units down as farmers sell; Chorus gains

Thu, 06 Jun 2013

June 6 (BusinessDesk) – New Zealand shares were mixed. Fonterra Shareholders’ Fund units fell after a restriction ended on farmers selling and MightyRiverPower dropped to a post-float low, while Chorus rose from a record low. The NZX 50 Index edged up 1.748 points, or 0.04 percent, to 4,455.334. Within the index, 22 stocks rose, 19 fell and nine were unchanged. Turnover was $164 million – less than the average daily trade across the NZX equity and debt markets last month of $218 million. Fonterra declined 3.2 percent to $7.30 as $20.2 milli...

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