MARKET CLOSE: NZ shares gain; Fletcher, Telecom pace advance

Fri, 15 Jun 2012

June 15 (BusinessDesk) - New Zealand shares rose, paced by the biggest companies on the bourse, Telecom and Fletcher Building, as investors were lured back to a market near a three-month low. The NZX 50 Index rose 30.98 points, or 0.9 percent, to 3447.07. Within the index, 29 shares gained, 13 fell and eight were unchanged. Turnover was a greater-than-average $171.5 million, with about $100 million of that made up of Telecom, Fletcher and Contact Energy "The last two days we have seen some bargain hunting coming into the market with blue chip...

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