MARKET CLOSE NZX 50 Index falls from a record as investors take profits

Fri, 20 Sep 2013

By Tina Morrison Sept. 20 (BusinessDesk) – New Zealand shares declined for the first time in two weeks as investors took advantage of gains to sell their shares at a profit. The NZX 50 Index fell from a record, dropping 22.658 points, or 0.5 percent, to 4730.377. Within the index, 23 stocks declined, 20 rose and 7 were unchanged. Turnover was about $164 million. The local bourse took its lead from overseas stock markets in the US and Australia which retreated following rallies after the US Federal Reserve unexpectedly decided to maintain it...

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