MARKET CLOSE: NZ shares rise as speculation on interest rate cuts fuels global equities buying

Fri, 01 Jul 2016

By Sophie Boot July 1 (BusinessDesk) - New Zealand shares rose along with global markets as speculation about interest rate cuts stoked demand for equities, with Kathmandu Holdings, Property for Industry and Auckland International Airport gaining. The S&P NZX 50 Index gained 28.7 points, or 0.4 percent, to 6,926.23. Within the index, 23 stocks rose, 23 fell and four were unchanged. Turnover was $163.8 million The index has gained 3.9 percent this week, rising every day after being sold off heavily last Friday following the UK's vote t...

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