MARKET CLOSE NZ shares gain; Air NZ, A2 up after earnings, Fonterra rises

Thu, 29 Aug 2013

Aug. 29 (BusinessDesk) – New Zealand shares rose as Air New Zealand and A2 Corp posted earnings growth, and Fonterra Shareholders’ Fund gained a day after the dairy group’s whey protein tested free of a bacteria that could cause botulism. The NZX 50 Index climbed 10.788 points, or 0.2 percent, to 4520.504. Within the index, 21 stocks rose, 20 fell and nine were unchanged. Turnover was a higher-than-average $160 million, with large volumes of Guinness Peat Group and Heartland New Zealand. Air New Zealand rose 1.5 percent to $1.39 after report...

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