MARKET CLOSE NZ shares gain as Auckland Airport offers tax-efficient return, Air NZ up

Thu, 28 Nov 2013

Nov. 28 (BusinessDesk) – New Zealand shares rose, after Auckland International Airport proposed a tax-efficient capital return of $454 million and Air New Zealand continued to trade in heavy volumes, rising above the price of the government selldown. The NZX 50 Index rose 10.103 points, or 0.2 percent, to 4809.455. Within the index, 22 stocks rose, 18 fell and ten were unchanged. Turnover was $315 million, including $203 million, or 22.5 million shares of Fletcher Building. Auckland Airport climbed 1.6 percent to $3.47. The capital return, v...

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