MARKET CLOSE NZ shares gain on Fletcher’s Oz outlook

Fri, 21 Feb 2014

By Suze Metherell Feb. 21 (BusinessDesk) – New Zealand stocks rose, paced by Fletcher Building whose first-half result yesterday showed potential for growth in Australia. The market responded positively to Vector’s earnings which showed growth in its technology sector. The NZX 50 Index rose 17.813 points, or about 0.4 percent, to 4927.640. Within the index 31 stocks rose, 12 fell and seven were unchanged. Turnover was $151.4 million. Fletcher’s shares rose 2.2 percent to $9.75. New Zealand’s biggest listed company reported half-year earnin...

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