MARKET CLOSE: NZ shares rise, ANZ, Westpac gain while Spark drops

Wed, 02 Mar 2016

By Sophie Boot March 2 (BusinessDesk) - New Zealand shares rose as banking stocks gained on both sides of the Tasman. Australia & New Zealand Banking Group and Westpac Banking Corp gained while Spark New Zealand dropped. The S&P/NZX 50 Index rose 32.18 points, or 0.5 percent, to 6,313.08. Within the index, 32 stocks rose, 13 fell and five were unchanged. Turnover was $151.7 million. Banks led the index, with ANZ rising 7.2 percent to $26.58, Westpac up 6.5 percent to $33.64 and Heartland Bank gaining 2.6 percent to $1.19. The banking s...

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