By Jonathan UnderhillNew Zealand shares fell from a record led by Fletcher Building and Spark New Zealand ahead of their results over the next two days. The S&P/NZX 50 Index dropped 77.68 points, or 1.1 per cent, to 7,310.67, snapping three days of gains. Within the index, 34 stocks declined, 12 gained, and five were unchanged. Companies reporting tomorrow include NZX, which gained 1 per cent to $1.04 and Nuplex Industries which was unchanged at $5.33. Summerset Group posted the biggest gain on the day, up 2.7 per cent to $5.43, adding to Monday's 4.8 per cent increase on better than expected earnings.

Source: New Zealand Herald August 16, 2016 09:25 UTC