MARKET CLOSE NZ Shares rise as SkyCity blames kiwi for poor profit, Fletcher, Hallenstein gain

Wed, 12 Feb 2014

By Suze Metherell Feb. 12 (BusinessDesk) – New Zealand stocks rose as SkyCity Entertainment Group met guidance with first-half earnings hurt by a strong kiwi dollar. Hallenstein Glasson Holdings and Fletcher Building led the advance. The NZX 50 Index gained 21.089 points, or 0.4 percent to 4869.972. Within the index, 23 stocks rose, 20 fell and seven were unchanged. Turnover was $110.9 million. SkyCity rose 1.4 percent to $3.65. The Auckland-based company reported a net profit $66.4 million, in line with guidance of $65 million to $68 mill...

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