MARKET CLOSE NZ shares rise, Fletcher at 6-month high on Aussie thaw

Tue, 03 Sep 2013

Sept. 3 (BusinessDesk) – New Zealand shares rose for a fourth session as Fletcher Building climbed to a six-month high on tentative signs of recovery in the Australian economy that’s lifted its building product rivals across the Tasman. Michael Hill International fell after Australian retail sales grew less than expected. The NZX 50 Index rose 10.354 points, or 0.2 percent, to 4606.711, the highest close since late May. Within the index, 17 stocks rose, 25 fell and eight were unchanged. Turnover was $131 million. Fletcher, the biggest compan...

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