MARKET CLOSE: NZ shares rise as Air NZ, Fletcher, Chorus bounce

Tue, 25 Oct 2016

By Sophie Boot Oct. 25 (BusinessDesk) - New Zealand shares rose, led by Air New Zealand, SkyCity Entertainment Group and Fletcher Building, while Wynyard Group was suspended after announcing it has called in administrators. The S&P/NZX 50 Index gained 44.46 points, or 0.6 percent, to 7,002.86. Within the index, 22 stocks rose, 23 fell and five were unchanged. Turnover was $173.6 million. Air New Zealand was the best performer, up 3.8 percent to $1.91, while Fletcher Building rose 3.2 percent to $10.21 and Chorus gained 2.2 percent to $...

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