MARKET CLOSE NZ shares rise; Fletcher up on housing data, Fonterra climbs

Mon, 02 Sep 2013

Sept. 2 (BusinessDesk) – New Zealand shares rose as data showing a jump in Australian home values helped lift Fletcher Building and Fonterra Shareholders’ Fund rose as export production began at the world’s biggest milk powder drier. The NZX 50 Index rose 55.387 points, or 1.2 percent, to 4596.357. Within the index, 31 stocks rose, 10 fell and nine were unchanged. Turnover was $88 million. Fletcher, which gets 43 percent of sales in Australia, rose 2.9 percent to $9.01, a five-month high, after figures showed the biggest gain in national dwe...

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