MARKET CLOSE: NZ shares rise as Heartland gains on profit upgrade

Wed, 28 Jan 2015

By Paul McBeth Jan. 28 (BusinessDesk) - New Zealand shares rose to a new record, led by Heartland New Zealand after the bank said it expected to post bigger earnings this year as it grows its asset base. Stocks with stable dividends also gained, including Spark New Zealand and Contact Energy. The NZX 50 index advanced 57.085 points, or 1 percent, to 5794.823, a new record close. Within the index, 29 stocks gained, 15 fell, and six were unchanged. Turnover was $131.4 million. Heartland rose as high as $1.30, and closed the day up 5.9 pe...

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