MARKET CLOSE: NZ shares rise; Fletcher gains as investors re-appraise beat-up stocks

Mon, 16 Mar 2015

March 16 (BusinessDesk) - New Zealand shares rose, paced by Fletcher Building, as investors were drawn to companies that have under-performed the benchmark index while eschewing those that led its recent rallies, including Meridian Energy and MightyRiverPower. The NZX 50 Index rose 2.809 points, or 0.04 percent, to 5911.397. Within the index, 27 stocks rose, 14 fell and nine were unchanged. Turnover was $121 million. Fletcher Building rose 1.7 percent to $8.97. The nation's biggest construction and building products company has fallen 6...

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