MARKET CLOSE NZ shares join global rally; Contact, Auckland Airport, A2 gain

Thu, 14 Nov 2013

Nov. 14 (BusinessDesk) – New Zealand shares joined a global rally after Federal Reserve designate chair Janet Yellen indicated no rush to remove economic stimulus. Contact Energy and Auckland International Airport paced the gains. The NZX 50 Index climbed 8.520 points, or 0.2 percent, to 4927.179. Within the index, 22 stocks rose, 19 fell and nine were unchanged. Turnover was $119 million. Equity markets were stronger across the Asia Pacific region on the back of Yellen’s comments that the US economy and labour market were performing “far sh...

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