MARKET CLOSE: NZ shares slip from record led by Spark; Air NZ extends gain

Thu, 28 Aug 2014

By Suze Metherell Aug. 28 (BusinessDesk) - New Zealand shares fell from a record, led by Spark New Zealand, as investors locked in gains ahead of next month's general election, which is creating some uncertainty in markets. Air New Zealand rose for a second day after posting a 45 percent gain in annual profit. The NZX 50 Index fell 6.186 points, or 0.1 percent, to 5237.514. Within the index, 16 stocks fell, 26 gained, eight were unchanged. Turnover was $93.9 million. The benchmark index slipped from its high as investors looked past ea...

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