MARKET CLOSE NZ shares gain in light trading as US vote counted; Fletcher rises

Wed, 07 Nov 2012

Nov. 7 (BusinessDesk) – New Zealand shares rose in light trading as investors await the outcome of the US presidential election. Fletcher Building paced the advance. Steel & Tube Holdings rose on news it will return to the benchmark index. The NZX 50 Index rose 15.42 points, or 0.4 percent, to 3943.09. Within the index, 23 stocks rose, 12 fell and 15 were unchanged. Turnover was a lower-than-average $44.4 million. With counting in the US vote underway, President Barack Obama led challenger Mitt Romney by 228 electoral votes to 176 as the New...

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