MARKET CLOSE: NZ shares gain, led by Metlifecare on profit upgrade

Fri, 23 May 2014

By Suze Metherell May. 23 (BusinessDesk) - New Zealand shares rose, led by Metlifecare after the retirement village operator and developer upgraded its profit forecast. Fisher & Paykel Healthcare paced gains after reporting a record annual profit. The benchmark NZX 50 Index rose 22.534 points, or 0.4 percent, to 5151.374. Within the index, 35 stocks rose, 11 fell, and four were unchanged. Turnover was $113.9 million. Metlifecare advanced 5.3 percent to $4.40 after the retirement village operator said it expects underlying profit of bet...

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