MARKET CLOSE NZ shares mixed; Hallenstein flags sales struggle, Chorus climbs from lows

Thu, 12 Dec 2013

Dec. 12 (BusinessDesk) – New Zealand shares were mixed as network operator Chorus extended its rebound from a record low and clothing chain Hallenstein Glasson Holdings said it may have to cut guidance. The NZX 50 rose 3.894 points, or 0.1 percent, to 4708.198. Within the index, 16 stocks rose, 23 fell and 11 were unchanged. Turnover was $168 million. Chorus rose 3 percent to $1.37, its third straight gain, having touched a record-low close of $1.305 on Dec. 9 amid concern about the impact of regulated price cuts on its copper network. Conta...

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