New Zealand shares close little changed

New Zealand share prices closed little changed on Thursday as uncertainty about the local economic outlook kept investors sidelined, dealers said. They said the local share market gave up early gains, which followed the strong finish by Wall Street.
The NZX-50 gross index fell 0.9 points to 4,193.67 on light turnover worth 64.3 million dollars (48.3 million US). Rises outnumbered falls 57 to 54. Market leader Telecom, which looks set to appoint an outsider as its new chief executive, was up three cents at 4.62 dollars.