MARKET CLOSE: NZ shares rise as growth optimism stirs; Fletcher, Xero, Telecom gain

Thu, 26 Jul 2012

July 26 (BusinessDesk) - New Zealand shares gained in a rising tide of Asian equities amid optimism the US will take more steps to stimulate its economy, keeping global growth on pace. Fletcher Building, Telecom and Xero all rose. The NZX 50 Index gained 26.76 points, or 0.8 percent, to 3485.74. Within the index, 33 stocks rose, six fell and 11 were unchanged. Turnover was $90.7 million. The Nikkei 225 Index was up almost 1 percent in early afternoon trading and Singapore’s Straits Times Index gained 1.1 percent. Gains in the New Zealand mar...

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