MARKET CLOSE: NZ shares join rally on US jobs; SkyCity, Air NZ, Freighways gain

Mon, 10 Jun 2013

June 10 (BusinessDesk) – New Zealand shares rose, joining a rally in equity markets since figures on Friday showed the US economy added more jobs than expected last month, stoking demand for growth assets. SkyCity Entertainment Group, Air New Zealand and Freightways led the advance. The NZX 50 Index rose 33.526 points, or 0.8 percent, to 4473.384. Within the index, 27 stocks rose, 16 fell and seven were unchanged. Turnover was a lower-than-average $71.3 million as Australia’s Queen’s Birthday holiday kept investors across the Tasman on the si...

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