MARKET CLOSE: NZ shares join global rally; Trade Me, Kiwi Property advance

Fri, 09 Jan 2015

By Suze Metherell Jan. 9 (BusinessDesk) - New Zealand shares rose, paced by Trade Me Group and Kiwi Property Group, joining a global rally on speculation US interest rates will remain low. Construction companies Fletcher Building and Steel & Tube Holdings gained on a rise in local and Australian building consent approvals. The NZX 50 Index rose 10.789 points, or 0.2 percent, to 5584.841. Within the index, 20 stocks rose, 15 fell and 15 were unchanged. Turnover was $83 million. Overnight Wall Street rallied after minutes of the US Fed...

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