MARKET CLOSE: NZ shares follow global markets higher; Air NZ gains

Thu, 08 Jan 2015

By Suze Metherell Jan. 8 (BusinessDesk) - New Zealand share rose, led by Argosy Property, as global stocks rallied on upbeat US employment data and the prospect Europe's central bank will have to print money to revive its flagging economy. Air New Zealand gained as falling oil prices translated into cheaper jet fuel. The NZX 50 Index advanced 15.995 points, or 0.3 percent, to 5574.052. Within the index, 28 stocks rose, 14 fell and eight were unchanged. Turnover was $89 million. Stock markets across Asia followed Wall Street higher, wit...

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