MARKET CLOSE: NZ shares rise; A2 gains after placement, Contact, Fletcher advance

Mon, 12 Oct 2015

By Suze Metherell Oct. 12 (BusinessDesk) - New Zealand shares rose, led by A2 Milk Co amid continued demand after its placement. Contact Energy, Fletcher Building and Property for Industry advanced. The S&P/NZX 50 Index rose 51.04 points, or 0.9 percent, to 5689.830. Within the index, 41 stocks rose, four fell and five were unchanged. Turnover was $137 million. A2, the milk marketing firm, climbed 5.1 percent, extending Friday's 8.3 percent gain, to 82 cents. Last week it raised $40 million in a placement to help fund planned growth...

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