MARKET CLOSE: NZ shares rise, led by Contact; F&P, MetroGlass advance

Mon, 25 May 2015

By Suze Metherell May 25 (BusinessDesk) - New Zealand shares rose after Contact Energy said it would return surplus cash to shareholders. Fisher & Paykel Healthcare and Metro Performance Glass gained ahead of reporting their earnings. The NZX 50 Index rose 18.964 points, or 0.3 percent, to 5794.981. Within the index, 20 stocks rose, 15 fell, and 15 were unchanged. Turnover was $111 million. Contact jumped 11 percent to $6.18 after the energy generator and retailer said it had ditched plans for now to invest in geothermal schemes offs...

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