MARKET CLOSE: NZ shares dip as investors eye Fletcher update

Wed, 26 Jun 2019

By Paul McBeth June 26 (BusinessDesk) - New Zealand shares snapped a three-day gain, edging lower as investors pored through the details of Fletcher Building's investor briefing in which it confirmed a small capital return and noted Australian trading conditions remain tough. The S&P/NZX 50 Index decreased 10.24 points, or 0.1 percent, to 10,408.05. Within the index 21 stocks fell, 22 rose, and seven were unchanged. Turnover was $121 million. Fletcher slipped 0.8 percent to $5.29 on a volume of 1.5 million shares, more than its 90-da...

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