NZ market edges up while Fletcher Building goes into trading halt

Fletcher Building's chief executive Ross Taylor. (Image: NZME)

Wed, 11 Oct 2023

New Zealand’s market edged up while Fletcher Building slammed on the trading halt brakes over concerns around an upcoming presentation by an Australian builder concerning issues with its leaky pipes in Western Australia.The S&P/NZX 50 Index rose 13.1 points, or 0.12%, to 11,306.44. Turnover was $66.2 million. There were 72 gainers and 61 decliners on the main board.Fletcher Building was the big news of the day.Australian firm BGC – one of Western Australia’s biggest home builders – has claimed that issues with Fletch...

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