MARKET CLOSE: NZ shares rise amid global rally; Fletcher gains ahead of Chch plan

Fri, 27 Jul 2012

By Paul McBeth July 27 (BusinessDesk) - New Zealand shares rose for a third day, following a global rally as investors took heart Europe will take every step possible to address its burgeoning debt crisis. Fletcher Building paced gainers in anticipation of next week's release of the plan to rebuild Christchurch's central city. The NZX 50 index rose 15.55 points, or 0.4 percent to 3501.29, gaining 1.1 percent on the week. Within the index, 29 stocks gained, 12 fell and nine were unchanged. Turnover was a smaller-than-normal $75.9 million. T...

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