MARKET CLOSE NZ shares gain as Fletcher recovers; Warehouse, Kathmandu rise

Tue, 07 May 2013

May 7 (BusinessDesk) – New Zealand shares rose, pushing the NZX 50 Index to a new record high, as Fletcher Building recovered from a selloff sparked by an investor presentation last week and better retail data helped lift Kathmandu and Warehouse Group. The NZX 50 gained 25.49 points, or 0.6 percent, to 4621.72. Within the index, 29 stocks rose, 11 fell and 10 were unchanged. Turnover was about $160 million, with Fletcher, Ryman Healthcare and Telecom accounting for about half of trading by value. Fletcher, the construction and building prod...

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