MARKET CLOSE NZ shares gain; Fletcher, Mainfreight advance, Chorus falls

Wed, 13 Nov 2013

Nov. 13 (BusinessDesk) – New Zealand shares edged higher, led by Fletcher Building, on optimism growth in the domestic economy is starting to gain traction. Mainfreight rose after yesterday reporting a pickup in trading in recent months. The NZX 50 Index gained 2.991 points, or 0.1 percent, to 4918.659. Within the index, 20 stocks rose, 25 fell and five were unchanged. Turnover was $133 million. Fletcher, the biggest company on the index, rose 2.4 percent to $9.68, having gained from as low as $7.95 in early May. “There’s some pretty good c...

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