MARKET CLOSE NZ shares gain as Fletcher, Telecom rebound; NZX falls

Mon, 18 Feb 2013

Feb. 18 (BusinessDesk) – New Zealand shares rose as Fletcher Building and Telecom bounced back from Friday’s selloff when investors were selling liquid stocks to participate in the Auckland International Airport selldown. NZX and Freightways fell after posting their results. The NZX 50 Index rose 17.74 points, or 0.4 percent, to 4214.47. Within the index, 23 stocks rose, 18 fell and nine were unchanged. Turnover was a lower-than-average $97.7 million. Fletcher, the biggest company on the NZX 50 and typically the most heavily traded, rose 1.5...

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