MARKET CLOSE: NZ shares rise ahead of Fed; ANZ, Westpac gain; Fonterra up on milk price rebound

Wed, 16 Sep 2015

By Suze Metherell Sept. 16 (BusinessDesk) - New Zealand shares rose, following Australia's benchmark index higher, as stronger offshore sentiment flowed onto the local bourse. Australia New Zealand Banking Group and Air New Zealand gained. Fonterra Shareholders' Fund advanced after global milk prices extended their rebound. The S&P/NZX 50 Index rose 18.88 points, or 0.3 percent, to 5667.97. Within the index, 21 stocks rose, 16 fell and 13 were unchanged. Turnover was $124 million. Overnight, Wall Street rose after better-than-expecte...

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