MARKET CLOSE: NZ shares rise as Nuplex flags sale, Kathmandu gains

Wed, 24 Sep 2014

By Suze Metherell Sept. 24 (BusinessDesk) - New Zealand shares rose, led by Nuplex Industries after it flagged a possible sale of two Australasian businesses. Kathmandu Holdings paced the gain, recovering from a decline after reporting weaker annual earnings yesterday. The NZX 50 Index rose 16.729 points, or 0.3 percent, to 5258.172. Within the index, 20 stocks rose, 20 fell and 10 were unchanged. Turnover was $133.6 million. Nuplex climbed 6.6 percent to a three-month high $3.22 after the chemicals manufacturer confirmed it's in talks...

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