MARKET CLOSE: NZ shares rise; F&P Healthcare gains to record, Meridian up

Wed, 29 Jul 2015

By Suze Metherell July 29 (BusinessDesk) - New Zealand shares rose as a decline in the currency and the promise of lower interest rates boosted sentiment for equities. Meridian Energy led the market higher, as Fisher & Paykel Healthcare rose to a record. The S&P/NZX 50 Index advanced 22.37 points, or 0.4 percent, to 5870.76. Within the index, 28 stocks rose, 15 fell and seven were unchanged. Turnover was $111 million. The Reserve Bank governor Graeme Wheeler repeated that further depreciation in the New Zealand dollar is necessary an...

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