MARKET CLOSE: NZ shares gain led by Tower; Auckland Airport falls on earnings

Tue, 26 Aug 2014

By Suze Metherell Aug. 26 (BusinessDesk) - New Zealand shares rose on optimism Tower has more scope to return capital after making progress meeting earthquake claims in Canterbury, while Fisher & Paykel Healthcare rose to a record on optimism it will benefit from a falling kiwi dollar. The NZX 50 Index rose 12.887 points, or 0.2 percent, to 5195.630. Within the index, 24 stocks rose, 17 fell and nine were unchanged. Turnover was $83 million. Tower climbed 2 percent to a 13-month high of $2.00. The general insurer said last week that t...

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