MARKET CLOSE NZ shares rise, led by Metlifecare, Synlait after being added to MSCI Indices

Fri, 08 Nov 2013

By Tina Morrison Nov. 8 (BusinessDesk) -New Zealand shares rose, led by retirement developer and operator Metlifecare and milk processor Synlait after MSCI announced the stocks be added to its Global Small Cap Indices at the close of Nov. 26, increasing demand for the stock by professional investors who track the global benchmark. The NZX 50 Index rose 28.670 points, or 0.582 percent, to 4,951.361. Within the index, 22 stocks rose, 23 fell and five were unchanged. Turnover was $199.4 million. “The big news today has been the MSCI changes an...

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