MARKET CLOSE: NZ shares rise as Fed spurs global rally; ANZ, Westpac gain, Chorus, Trade Me fall

Sophie Boot
Thu, 17 Dec 2015

By Sophie Boot Dec. 17 (BusinessDesk) - New Zealand shares rose, led by Australia & New Zealand Banking Group, Westpac Banking Corp and Restaurant Brands New Zealand, after the US Federal Reserve kept to its plan of beginning a gradual increase in interest rates. Chorus and Trade Me Group fell. The S&P/NZX 50 Index rose 17.39 points, or 0.29 percent, to 6088.33. Within the index, 28 stocks rose, 18 fell and 4 were unchanged. Turnover was $151 million. On Wall Street, equity markets rallied after the Fed hiked rates for the first time i...

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