MARKET CLOSE: NZ shares mixed; Spark, Fletcher join Asian rally, Xero drops as Drury trims stake

Thu, 26 Nov 2015

By Sophie Boot Nov. 26 (BusinessDesk) - New Zealand shares were mixed, with the NZX 50 Index gaining but more shares down than up. Fletcher Building and Spark New Zealand joined an Asia-wide rally, while Xero fell after founder Rod Drury trimmed his stake. The S&P/NZX 50 rose 18.76 points, or 0.3 percent, to 6087.9. Within the index, 20 stocks rose, 21 fell and 9 were unchanged. Turnover was $220 million. US markets will be closed on Thursday for the Thanksgiving holiday, which typically thins out trading desks and leads to lower trad...

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