MARKET CLOSE Kathmandu on a tear as NZ market drifts

Thu, 03 Oct 2013

Oct. 3 (BusinessDesk) – Retailers dominated gainers on the NZX, with Kathmandu putting on a further 7 percent to close at $3.60 on a day when the market as a whole drifted up slightly. The NZX 50 Index rose 1.345 points, or 0.03 percent to 4,770.215. Within the index, 20 stocks rose, 20 fell, and 10 were unchanged. Turnover was $127 million. The three leading gainers on the day were outdoor pursuits retailer Kathmandu, which has had a strong run up from $2.85 on Sept. 23, the day before it delivered a 27 percent profit lift. The stock has...

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