MARKET CLOSE: NZ shares follow Wall Street higher, Kathmandu, Fletcher gain

Fri, 19 Sep 2014

By Suze Metherell Sept. 19 (BusinessDesk) - New Zealand shares rose in a global rally as Wall Street climbed to records overnight, while a falling New Zealand dollar further supported local stocks. Kathmandu Holdings rose, paced by Fletcher Building and A2 Milk Co. The NZX 50 Index gained 27.163 points, or 0.5 percent, to 5181.345. Within the index, 32 stock rose, nine fell and nine were unchanged. Turnover was $153 million. Overnight, Wall Street rose to a record, as investors were bouyed by the prospect of the US Federal Reserve poli...

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