MARKET CLOSE: NZ shares gain on global wave, Fletcher Building, Restaurant Brands rise

Fri, 02 Jun 2017

By Sophie Boot June 2 (BusinessDesk) - New Zealand shares rose, led by Fletcher Building and Restaurant Brands, as global equity markets rallied. The S&P/NZX 50 Index gained 49.07 points, or 0.7 percent, to 7,499.97. Within the index, 35 stocks rose, nine fell and six were unchanged. Turnover was $167 million. The local index followed global bourses higher, after US markets finished stronger overnight after upbeat manufacturing and employment data. This afternoon, Japan's Nikkei 225 rose 1.9 percent, Australia's S&P/ASX 200 gained 0.7...

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