MARKET CLOSE January rally takes NZX50 to highest since Oct 2007

Wed, 30 Jan 2013

Jan 30 (BusinessDesk) – New Zealand shares rallied again as a “whiff of recovery” emerges about the forthcoming earnings season, amid an accumulation of more promising news about the world economy. The NZX50 Index shot to 4,247.546, its highest since late October 2007, before the global financial crisis and just as New Zealand began heading into a domestic recession which preceded the global events. That was a gain on the day for the leading stocks index of 47.25 points, or 1.12 percent, on turnover of a respectable $134.40 milllion. Within t...

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