MARKET CLOSE: NZ shares gain as investor hunt bargains; Tower, Ryman, FPH rise

Wed, 14 Oct 2015

By Suze Metherell Oct. 14 (BusinessDesk) - New Zealand shares as bargain hunters sought oversold stocks. Tower, Ryman Healthcare and Fisher & Paykel Healthcare gained. The S&P/NZX 50 Index rose 24.32 points, or 0.4 percent, to 5727.14. Within the index 28 stocks rose, 14 fell and eight were unchanged. Turnover was $102 million. F&P Healthcare, the breathing apparatus manufacturer which has declined 3.2 percent over the past month, led the benchmark index higher, up 2.1 percent to $7.35. Tower, the general insurer which has declined 11...

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