MARKET CLOSE: NZ shares rise in global rally, index led by Orion Health, Fisher & Paykel

Thu, 29 Sep 2016

By Sophie Boot Sept. 29 (BusinessDesk) - New Zealand shares rose as global markets were encouraged by reports of a deal to ease the glut of crude oil. Orion Health Group, Fisher & Paykel Healthcare Corp and Auckland International Airport led the index. The S&P/NZX50 Index gained 53 points, or 0.7 percent, to 7.343.45. Within the index, 24 stocks rose, 19 fell and seven were unchanged. Turnover was $110.5 million. Markets across Asia advanced in the afternoon's trading, following Wall Street's positive lead after reports that the Orga...

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