MARKET CLOSE:NZ shares fall led by Spark; MRP, Contact fall on yield caution

Thu, 12 Feb 2015

By Suze Metherell Feb. 12 (BusinessDesk) - New Zealand shares fell led by Spark New Zealand as investors booked profit on recent gains in regular dividend paying stocks. MightyRiverPower and Contact Energy paced the decline. The NZX 50 Index fell 39.865 points, or 0.7 percent, to 5749.315. Within the index, 26 stocks fell, 14 rose and 10 were unchanged. Turnover was a higher-than-average $231 million, boosted by Sky Network Television shares, with 6 million changing hands in a single trade. Yield stocks, which have been pushed higher...

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