MARKET CLOSE: NZ shares rise; Freightways, Sky TV, Z gain, Kathmandu drops as Briscoe offer lapses

Fri, 18 Sep 2015

By Suze Metherell Sept. 18 (BusinessDesk) - New Zealand shares rose after the US Federal Reserve kept interest rates on hold, keeping alive the appeal of returns from equity markets. Freightways, Sky Network Television and Z Energy rose. Warehouse Group advanced after beating earnings guidance. The S&P/NZX 50 Index gained 17.81 points, or 0.3 percent, to 5712.04. Within the index, 28 stocks rose, 17 fell and five were unchanged. Turnover was $231 million. The Fed kept interest rates near zero percent, saying turmoil in global financi...

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