NZ stocks ease while speculation swirls around Fletcher Building

NZ stocks ease while speculation swirls around Fletcher Building
There were 63 gainers and 74 decliners across the market. (Image: Getty)
Jamie Gray
Speculation around Fletcher Building drove the stock higher while the broader market weakened ahead of Wednesday’s rate call from the Reserve Bank of New Zealand.The S&P/NZX50 index ended at 11,694.60, down 15.29 points, or 0.13%, but off its lows for the day.There were 63 gainers and 74 decliners on a volume of 38.35 million shares worth $116.33m.The big mover on the day was the thinly-traded PGG Wrightson (PGW), which dropped 33c to $2.90 after the group axed its interim dividend in response to a 40% fall in net profit to $12.7m ove...

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