MARKET CLOSE: NZ shares rise after selloff; Summerset gains on guidance

Tue, 07 Jul 2015

By Jonathan Underhill July 7 (BusinessDesk) - New Zealand shares rose, clawing back some of Monday's selloff on relief that concern about Greece's debt crisis didn't overly rattle Wall Street. Summerset Group led gainers after giving guidance that beat estimates. Westpac Banking Corp and Australia & New Zealand Banking Group advanced. The S&P/NZX 50 Index climbed 26.56 points, or 0.5 percent, to 5803.18. Within the index, 30 stocks rose, 17 fell and three were unchanged. Turnover was $165 million. The Standard & Poor's 500 Index fell 0...

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