MARKET CLOSE: NZ shares gain as market bounce continues; Kathmandu, Fletcher rise

Thu, 30 Jun 2016

By Sophie Boot June 30 (BusinessDesk) - New Zealand shares gained for a fourth straight session on expectations there will be no immediate change following the Brexit vote. Kathmandu Holdings, Fletcher Building and Mainfreight gained. The S&P/NZX 50 Index rose 93.3 points, or 1.4 percent, to 6,897.52. Within the index, 41 stocks rose, six dropped and three were unchanged. Turnover was $227.6 million. The market weakened on Friday following the news that the UK had voted to leave the European Union, but has recovered since then to be h...

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