MARKET CLOSE NZ shares edge higher as stocks advance across Asia

Fri, 12 Oct 2012

By Paul McBeth Oct 12 (BusinessDesk) - New Zealand shares rose, snapping three declines, as stocks advanced across Asia after Singapore's central bank backed away from monetary stimulus in the face of rising inflation and a slowing economy. The NZX 50 index rose 13.35 points, or 0.3 percent, to 3896.66, pushing it down 0.2 percent on the week. Within the index, 33 stocks gains, eight fell, and nine were unchanged. Turnover was $76.2 million. Stocks across Asia crept up, with Singapore's FTSE Straits Times Index up 0.2 percent in afternoon...

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