MARKET CLOSE: NZ shares mixed in light trading, investors wait on corporate guidance

Mon, 09 Jul 2012

By Paul McBeth July 09 (BusinessDesk) - New Zealand shares were mixed as investors wait for companies to offer guidance on how they see the current environment when the local earnings season kicks off later this month. PGG Wrightson led gainers, while Kathmandu was the biggest decliner. The NZX 50 Index rose 1.49 points, or 0.04 percent, to 3480.19. Within the index, 20 stocks gained, 18 fell, and 12 were unchanged. Turnover was a smaller-than-normal $53.3 million. Analysts are waiting for the local company earnings season to begin later t...

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