MARKET CLOSE NZ shares gain; Summerset, Port of Tauranga rise

Tue, 13 Aug 2013

Aug. 13 (BusinessDesk) – New Zealand shares rose, paced by Summerset Group after it posted first-half earnings that almost tripled and Port of Tauranga after it unveiled plans to invest in Timaru’s port and use it as a feeder for larger overseas vessels visiting Tauranga. The NZX 50 Index rose 3.522 points, or 0.1 percent, to 4525.821. Within the index, 21 stocks rose, 19 fell and 10 were unchanged. Turnover was about $115 million. Summerset, the retirement village operator, gained 2.7 percent to $3.08 and is up 34 percent this year. Today i...

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