MARKET CLOSE NZ shares gain as Fletcher rerated, Diligent at record, FPH rises

Thu, 22 Nov 2012

Nov. 22 (BusinessDesk) - New Zealand stocks rose as investors cheered Fletcher Building’s forecast for higher annual profits, Diligent Board Member Services climbed to a new record and Fisher & Paykel Healthcare lifted earnings. The NZX 50 Index rose 25.98 points, or 0.7 percent, to 3997.21, having briefly risen above 4000 for only the second time since January 2008. Within the index, 31 stocks rose, eight fell and 11 were unchanged. Turnover was $122 million. Fletcher Building, the biggest company on the exchange by market value, rose 1.4 p...

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