MARKET CLOSE NZ shares rise for 8th session; A2, Telecom, POT gain

Mon, 15 Jul 2013

July 15 (BusinessDesk) – New Zealand shares rose, pushing up the NZX 50 Index for an eighth straight session, led by A2 Corp, Telecom, Port of Tauranga and Fletcher Building as investors mulled what is expected to be mixed results in earnings season. The NZX 50 rose 37.907 points, or 0.8 percent, to 4606.24. Within the index, 34 stocks rose, seven fell and nine were unchanged. Turnover was $143 million. Fletcher, the biggest company on the NZX 50, rose 1.9 percent to $8.70, matching its high of mid-May. “Fletcher is quite volatile from day...

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