MARKET CLOSE NZ shares rise, led by Kathmandu, Chorus, Sky TV; GPG jumps

Thu, 16 Jan 2014

By Suze Metherell Jan. 16 (BusinessDesk) – New Zealand shares rose to a two-month high, paced by Chorus, Kathmandu and Sky Network Television as the prospects of strong economic growth drew retail investors to the equity market. Hallenstein Glasson Holdings tumbled after posting weak December sales. The NZX 50 Index advanced 8.256 points, or about 0.2 percent, to 4921.290, the highest since Nov. 15. Within the index, 24 stocks rose, 17 fell and nine were unchanged. Turnover was $184 million, the highest so far this year. Business confidence...

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