MARKET CLOSE NZ shares gain, led by Kathmandu, F and P Healthcare; Fonterra drops

Mon, 05 Aug 2013

Aug 5 (BusinessDesk) – New Zealand shares rose after the kiwi dollar fell, helping companies with offshore sales including Kathmandu, Fisher & Paykel Healthcare, Fletcher Building and Mainfreight. Fonterra Shareholders’ Fund fell in the fall-out from the dairy company’s whey contamination scare. The NZX 50 Index edged up 6.594 points, or 0.1 percent, to 4589.485. Within the index, 25 stocks fell, 15 rose and 10 were unchanged. Turnover was $130 million. The kiwi dollar dropped against the greenback, reaching a month low, and the Australian d...

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