MARKET CLOSE NZ shares join global rally, paced by Telecom, Fletcher

Mon, 06 Aug 2012

Aug. 6 (BusinessDesk) - New Zealand stocks joined a region-wide rally after better-than-expected employment data in the US eased investors' concerns that global growth is slowing. The advance was paced by the biggest stocks on the bourse, Telecom and Fletcher Building. The NZX 50 index rose 15.20 points, or 0.4 percent, to 3563.20. Within the index, 26 stocks rose, nine fell and 15 were unchanged. Turnover was $75.9 million. "The New Zealand market was always going to be up today because of the stock markets in the US and Europe - they reac...

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