MARKET CLOSE NZ share rise; F and P Appliances leads gainers for third day

Wed, 12 Sep 2012

Sept 12 (BusinessDesk) - New Zealand shares rose, with Fisher & Paykel Appliances leading gainers for a third day after its biggest shareholder, Haier, detailed its offer to buy the remaining 80 percent of the company at a premium to recent trading. Retailers Michael Hill International and the Warehouse Group were among the gainers. The NZX 50 Index rose 44.76 points, or 1.2 percent, to 3789.71. Within the index, 36 stocks rose, seven fell and seven were unchanged. Turnover was a higher-than-average $152.8 million, with F&P Appliances, Fletc...

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