MARKET CLOSE NZ shares gain on upbeat Australian figures; Fletcher, Ebos rise

Tue, 11 Feb 2014

By Suze Metherell Feb. 11 (BusinessDesk) – New Zealand stocks rose as earnings growth from Australia & New Zealand Banking Group and signs of an improving Australian economy lifted sentiment on companies doing business across the Tasman, such as Fletcher Building and Ebos Group. The NZX 50 Index gained 15.825 points, 0.3 percent to 4848.883. Within the index, 23 stocks rose, 22 fell, five unchanged. Turnover was $105.2 million. The nation’s biggest bank ANZ jumped 3 percent to $33.22. Positive sentiment in Australia grew as the bank posted...

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