MARKET CLOSE:NZ shares fall as kiwi $ climbs; Kathmandu, Fletcher, SkyCity decline

Thu, 08 Oct 2015

By Suze Metherell Oct. 8 (BusinessDesk) - New Zealand shares fell as investors sold dual-listed stocks after the kiwi dollar climbed against its Australian counterpart. Kathmandu Holdings, Fletcher Building and Sky City Entertainment Group. The S&P/NZX 50 Index fell 24.24 points, or 0.4 percent, to 5625.79. Within the index, 30 stocks fell, 17 rose and three were unchanged. Turnover was strong at $212 million. Over the past week the kiwi has gained a cent to recently trade at a four-month high of 91.88 Australian cents. A bounce back...

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