MARKET CLOSE: NZ shares rise; Heartland, Kathmandu climb

Thu, 30 Jul 2015

By Suze Metherell July 30 (BusinessDesk) - New Zealand shares rose. Heartland New Zealand advanced after the bank affirmed its profit guidance. Kathmandu Holdings gained on the back of a positive earnings forecast by its would-be acquirer, Briscoe Group. The S&P/NZX 50 Index rose 21.08 points, or 0.4 percent, to 5891.85. Within the index, 25 stocks rose, 17 fell and eight were unchanged. Turnover was $102 million. Heartland climbed 4.4 percent to $1.19, after the Auckland-based lender said profit may rise as much as 15 percent in 201...

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