MARKET CLOSE: NZ shares extend gains; Contact, Trustpower gain, F&P at record

Tue, 21 Oct 2014

By Suze Metherell Oct. 21 (BusinessDesk) - New Zealand shares gained for a third day, paced by Contact Energy and TrustPower, as investors spooked by recent volatility sought high-yield stocks. Fisher & Paykel Healthcare Corp rose to a record. The NZX 50 Index advanced 35.237 points, or 0.7 percent, to 5223.123. Within the index, 28 stocks rose, 12 fell and 10 were unchanged. Turnover was $140 million. The benchmark index extended its recovery after a period of volatility saw the CBOE Vix Index, also known as Wall Street's fear gauge,...

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