MARKET CLOSE Trade Me, Fonterra rise ahead of index changes

Wed, 16 Jan 2013

Jan 16 (BusinessDesk) – The steam came out of the NZX 50 Index, although investors continued to favour Fonterra tradable units and Trade Me, owing to index changes taking place next Monday. The NZX50 Index fell 1.72 points, or 0.4 percent, to 4169.23, on volume of 32.65 million shares, valued at $101.8 million. Within the index, 20 shares rose, and 19 fell, leaving 11 unchanged. “The highlights this week are the index changes,” said James Snell at First NZ Capital. “People have been pre-empting those moves. Both stocks have got gradually b...

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