MARKET CLOSE NZ stocks slide after Australian data Fletcher, A2, SkyCity fall

Thu, 27 Feb 2014

By Suze Metherell Feb. 27 (BusinessDesk) – New Zealand stocks fell as weaker capital spending data in Australia weighed on companies with interests across the Tasman including Fletcher Building, A2 Corp and SkyCity Entertainment Group. Westpac Banking Group and Australian New Zealand Banking Group also fell. The NZX 50 Index fell 8.862 points, or about 0.2 percent, to 4964.336. Within the index, 16 stocks fell, 19 rose and 15 were unchanged. Fletcher alone made up almost a fifth of the $106 million turnover. Australia’s S&P/ASX 200 Index s...

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