MARKET CLOSE NZ shares rise as Nuplex meets expectations, AMP lifts earnings

Thu, 15 Aug 2013

Aug. 15 (BusinessDesk) – New Zealand shares rose as Nuplex Industries posted a drop in full-year earnings that met expectations and AMP boosted first-half profit. Michael Hill International rose ahead of its full-year results tomorrow. The NZX 50 Index rose 5.674 points, or 0.1 percent, to 4530.262. Within the index, 23 stocks rose, 18 fell and nine were unchanged. Turnover was $108 million. Nuplex, the specialty chemicals company, rose 1.6 percent to $3.12 after reporting a 31 percent drop in full-year profit on tough trading conditions in...

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