MARKET CLOSE NZ shares rise as Tower, Fletcher recover; OceanaGold falls

Fri, 26 Jul 2013

July 26 (BusinessDesk) – New Zealand shares rose as Tower recovered from its post-quake decline and Fletcher Building gained from its recent slide. OceanaGold fell after reporting a second-quarter impairment tied to the price of gold. The NZX 50 Index rose 5.194 points, or 0.1 percent, to 4581.99. Within the index, 22 stocks rose, 19 fell and nine were unchanged. Turnover was $93 million. Tower, the general insurer, rose 2.2 percent to $1.88, recovering some of the ground shed at the start of the week when a magnitude 6.5 earthquake shook Wel...

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