MARKET CLOSE: NZ stocks fall, led by Kathmandu on profit warning

Tue, 24 Jun 2014

By Suze Metherell June 24 (BusinessDesk) - New Zealand shares, led by Kathmandu Holdings after the retailer said annual earnings may slide 15 percent. Pacific Edge fell to an eight-month low. Serko debuted on the NZX while Hirepool withdrew its planned initial public offer. The benchmark NZX 50 index slipped 4.959 points, or 0.1 percent, to 5121.205. Within the index, 23 stocks fell, 18 rose and nine were unchanged. Turnover was $121.3 million. Kathmandu fell 12 percent to a two-month low of $3.15 after the outdoor apparel and equipmen...

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