MARKET CLOSE NZ shares gain, on Vital Healthcare, SkyCity earnings, Heartland leads on acquisition

Fri, 14 Feb 2014

By Suze Metherell Feb. 14 (BusinessDesk) – New Zealand stock rose as investors backed companies whose earnings didn’t disappoint. Vital Healthcare Property Trust led the index, paced by SkyCity Entertainment Group. Heartland New Zealand gained after announcing an acquisition of a mortgage company. The NZX 50 Index rose 14.872 points or 0.3 percent to 4888.40. Within the index 21 shares rose, 19 fell and 10 were unchanged. Turnover was $124.8 million. SkyCity extended yesterday’s gain rising 1.9 percent to $3.73. The casino operator deliver...

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