MARKET CLOSE: NZ shares edge up; Kathmandu, Pumpkin Patch gain

Thu, 05 Jul 2012

July 5 (BusinessDesk) - New Zealand shares rose, led by retailers with stores in Australia such as Kathmandu and Pumpkin Patch after figures this week showed stronger-than-expected consumer spending across the Tasman. The NZX 50 Index rose 1.08 points, or 0.03 percent, to 3484.20. Within the index, 20 stocks rose, 18 fell and 12 were unchanged. Turnover was about $99.6 million. Kathmandu, the outdoor equipment chain, rose 4.3 percent to $1.46 after government figures in Australia yesterday showed retail sales rose 0.5 percent in May, more t...

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