MARKET CLOSE: NZ shares rise, led by Fletcher on Higgins buy; Summerset gains, MRP, Nuplex drop

Tue, 02 Feb 2016

By Sophie Boot Feb. 2 (BusinessDesk) - New Zealand shares rose, led by Fletcher Building after the country's biggest construction company bought a roading firm. Summerset Group gained while Mighty River Power and Nuplex Industries dropped. The S&P/NZX 50 Index rose 5.6 points, or 0.1 percent, to 6180.09. Within the index, 25 stocks fell, 20 rose and five were unchanged. Turnover was $151 million. Fletcher led the index, up 3.6 percent to $7.25 on $34 million in turnover. The company has paid $315 million for Higgins Group Holdings, New...

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