MARKET CLOSE NZ shares gain as Turners Auctions beats guidance, Michael Hill gains

Thu, 13 Feb 2014

Feb. 13 (BusinessDesk) – New Zealand stocks rose as Turners Auctions beat its earnings guidance and investors looked ahead to results from jeweller Michael Hill International and Vital Healthcare Property Trust tomorrow. The NZX 50 Index rose 3.556 points or 0.1 percent to 4873.528. Within the index, 23 stocks rose, 22 fell and five were unchanged. Turnover was $120 million. Used-car auction house Turners Auction rose 13 percent to $2.65, an eight year high. Net profit rose 14 percent to $4.8 million in calendar 2013, beating its November fo...

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