MARKET CLOSE NZ shares rise, as blue chips Fletcher, Telecom gain

Thu, 31 Oct 2013

Oct. 31 (BusinessDesk) – New Zealand shares rose as Fletcher Building climbed to its highest in more than five years and Telecom paced gains among blue chip companies. Tech start-up GeoOp soared 120 percent in its NZAX debut. The NZX 50 Index rose 41.646 points, or 0.9 percent, to 4909.726. Within the index, 25 stocks rose, 15 fell and 10 were unchanged. Turnover was a higher-than-average $223 million. Fletcher, the biggest company on the NZX 50, rose 3.7 percent to $9.99, having reached as high as $10.01 in intraday trading. Figures today s...

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