MARKET CLOSE NZ shares rise, led by Air NZ, Infratil, NZOG on ECB optimism

Thu, 06 Sep 2012

By Hannah Lynch Sept. 6 (BusinessDesk) - New Zealand shares rose, led by Air New Zealand, Infratil and NZ Oil & Gas on optimism the European Central Bank is going to act to support the European economy, helping underpin demand for so-called growth assets. The NZX 50 Index rose 23.89 points, or 0.7 percent, to 3693.54. Within the index, 35 shares rose, seven gained and eight were unchanged. Turnover was about $131 million. Air New Zealand rose 3.2 percent to $1.11 and is up about 19 percent this year. The national carrier last week beat esti...

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