MARKET CLOSE: NZ shares snap 12 days of gains; Spark, Fletcher, Ryman fall

Wed, 05 Nov 2014

By Suze Metherell Nov. 5 (BusinessDesk) - New Zealand shares fell, paced by Spark New Zealand and Fletcher Building, snapping 12 consecutive days of gains as some investors looked to book recent gains. Nuplex Industries fell on disappointing guidance. The NZX 50 Index fell 21.105 points, or 0.4 percent, to 5402.154. Within the index, 19 stocks fell, 24 rose and seven were unchanged. Turnover was $108 million. Investor appetite for dividend yields in a low interest rate environment had pushed the benchmark index to fresh record closes...

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