MARKET CLOSE NZ shares rise, helped by Wall St, kiwi; Trade Me, Metlifecare gain

Fri, 14 Jun 2013

June 14 (BusinessDesk) – New Zealand shares rose after a rally on Wall Street helped lift equity markets across Asia and a gain in the kiwi dollar encouraged offshore investors. Auction site Trade Me led the advance and Metlifecare rose after lifting its cash-flow guidance. The NZX Index rose 19.075 points, or 0.4 percent from a two-month low to 4420.981. Within the index, 20 stocks rose, 23 fell and seven were unchanged. Turnover was $101 million. The Standard & Poor’s 500 Index gained 1.5 percent after better-than-expected retail sales and...

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