MARKET CLOSE NZ shares gain on Chorus regulatory delay, Summerset at record

Fri, 08 Feb 2013

Feb. 8 (BusinessDesk) – New Zealand shares rose, led by network company Chorus after the government pushed back draft plans to regulate its prices pending a wider review. Summerset Group rose to a new record on optimism about returns from retirement villages. The NZX 50 Index gained 30.48 points, or 0.7 percent, to 4225.72. Within the index, 26 stocks rose, 17 fell and seven were unchanged. Turnover was a higher than average $195 million, with increased trading in Chorus and SkyCity Entertainment Group. Chorus, the network company spun off f...

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