MARKET CLOSE: NZ shares extend gains to new record; Kathmandu, F&P Healthcare rise

Wed, 09 Mar 2016

By Sophie Boot March 9 (BusinessDesk) - New Zealand shares hit a record for the fifth consecutive trading session as the weak kiwi dollar lifted sentiment for companies making sales offshore. Kathmandu Holdings and Fisher & Paykel Healthcare rose. The S&P/NZX 50 Index gained 10.5 points, or 0.2 percent, to 6,457.25. Within the index, 25 stocks rose, 15 fell and 10 were unchanged. Turnover was $192 million. Despite falling in intraday trading, the market ended on a positive note, although today's "pretty flat performance" was not helped...

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