MAKET CLOSE NZ stocks rally; Ryman, Port of Tauranga at records

Wed, 17 Apr 2013

April 17 (BusinessDesk) – New Zealand shares rose as persistently low interest rates globally polished the appeal of equities and drew investors to companies with consistent earnings such as Ryman Healthcare and Port of Tauranga. The NZX 50 rose 50.43 points, or 1.1 percent, to 4478.26. Within the index, 41 stocks rose, five fell and four were unchanged. Turnover was $160 million and reflected higher-than-average trading in Ryman, Sky Network Television, Fisher & Paykel Healthcare and Michael Hill International. Shares rebounded from Tuesday...

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