MARKET CLOSE: NZ shares rise; Kathmandu gains on buyout hope, Ebos, Nuplex, NZ Refining gain

Mon, 05 Oct 2015

By Suze Metherell Oct. 5 (BusinessDesk) - New Zealand shares rose, led by Kathmandu Holdings on speculation it may be subject to another takeover offer. Ebos Group, Nuplex Industries and New Zealand Refining Co advanced. The S&P/NZX 50 Index gained 37.03 points, or 0.7 percent, to 5630.54. Within the index, 39 stocks rose, six fell, and five were unchanged. Turnover was $75 million, lighter than usual with several states in Australia on a public holiday. Kathmandu led the benchmark index higher, gaining 4.3 percent to $1.46. The outd...

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