MARKET CLOSE: NZ shares rise, led by Coats; Nuplex gains on dividend lift

Fri, 22 May 2015

By Suze Metherell May 22 (BusinessDesk) - New Zealand shares rose, led by Coats Group after it said earnings were on track. Nuplex Industries advanced after it flagged it would lift its dividend payments. The NZX 50 Index rose 6.752 points, or 3.6 percent, to 5776.017. Within the index, 26 stocks rose, 19 fell and five were unchanged. Turnover was $128 million. Coats led the benchmark index higher, advancing 3.6 percent to 57 cents after the UK threadmaker, once part of the Guinness Peat Group empire, said sales growth has been in li...

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