MARKET CLOSE: NZ shares follow global rally, led by Fletcher

Fri, 19 Dec 2014

By Paul McBeth Dec. 19 (BusinessDesk) - New Zealand shares joined in a global rally which started on Wall Street and continued into Asia, paced by firms with substantial trans-Tasman business including Fletcher Building, TrustPower and Ebos Group. The NZX 50 index rose 9.274 points, or 0.2 percent, to 5527.75. Within the index, 20 stocks gained, 26 fell, and four were unchanged. Turnover was $189 million. Stocks on Wall Street extended their gains as investors consider the impact of the Federal Reserve's patient stance to raising inter...

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