MARKET CLOSE: NZ shares rise; F&P Healthcare at record on weak kiwi; Chorus, Spark gain on pricing

Thu, 02 Jul 2015

By Suze Metherell July 2 (BusinessDesk) - New Zealand shares rose as a weak kiwi dollar boosted sentiment for exporters such as Fisher & Paykel Healthcare. Chorus and Spark New Zealand advanced after the Commerce Commission issued its ruling on wholesale telecommunications prices. The S&P/NZX 50 Index rose 47.11 points, or 0.8 percent, to 5841.46. Within the index, 28 stocks rose, eight fell and 14 were unchanged. Turnover was $160 million. The New Zealand dollar dropped below 67 US cents for the first time since mid-2008 after dairy...

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