MARKET CLOSE NZX 50 falls to 2-month low, Infratil, Chorus, Meridian drop

Thu, 05 Dec 2013

Dec. 5 (BusinessDesk) – New Zealand shares fell, pushing the NZX 50 index to a two-month low, as Infratil dropped in the wake of its buyback, Chorus suffered from the uncertainty around regulated price cuts, and Meridian Energy and MightyRiverPower declined. The NZX 50 dropped 14.206 points, or 0.3 percent, to 4719.949, the lowest close since Oct. 10. Within the index, 18 stocks fell, 19 rose and 13 were unchanged. Turnover was $154 million. Infratil fell 5.7 percent to $2.245 when the investment group resumed trading after being halted for...

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