MARKET CLOSE: NZ shares rise; ANZ, Westpac gain, Pacific Edge up on new test

Mon, 08 Dec 2014

By Suze Metherell Dec. 8 (BusinessDesk) - New Zealand shares rose, led by Australia and New Zealand Banking Group and Westpac Banking Corp after an Australian report proposed restrictions on lenders that were less onerous than feared. Pacific Edge gained on the launch of its second commercialised product. The NZX 50 Index rose 7.413 points, or 0.1 percent, to 5529.322. Within the index, 23 stocks rose, 23 fell and four were unchanged. Turnover was a lighter-than-usual $88.9 million.  Across the Tasman 'the big four' Australian banks, w...

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