MARKET CLOSE: NZ shares rise as kiwi falls vs. AUD; Fletcher, Spark advance

Tue, 19 Aug 2014

By Suze Metherell Aug. 19 (BusinessDesk) - New Zealand shares rose, paced by companies with trans-Tasman exposure such as Fletcher Building, Westpac Banking Corp and Australian and New Zealand Banking Group, as the kiwi dropped versus the Australian dollar.. The NZX 50 Index rose 43.093 points, or 0.9 percent, to a two-week high of 5114.212. Within the index, 31 shares rose, seven fell and 12 were unchanged. Turnover was $124.8 million. The New Zealand dollar fell to its lowest level since December last year against the Australian do...

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