MARKET CLOSE: NZ shares bounce from month-low; Spark gains on Fed

Thu, 18 Sep 2014

By Suze Metherell Sept. 18 (BusinessDesk) - New Zealand shares rose from a month-low as the prospect of low US interest rates lured overseas investors seeking high-yield assets. Meridian Energy and Spark New Zealand paced the gain. The NZX 50 Index rose 11.842 points, or 0.2 percent, to 5154.182. Within the index, 25 stocks rose, 18 fell and seven were unchanged. Total turnover was $144 million. The local market followed Wall Street higher, bouncing from its lowest close in a month yesterday, after US Federal Reserve policy makers said...

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