MARKET CLOSE NZ shares rise, led by NZX, Fletcher Building; FPA rises on Haier offer

Thu, 18 Oct 2012

By Hannah Lynch Oct 18 (BusinessDesk) - New Zealand shares rose to a fresh 4 ½-year high, led by NZX and Fletcher Building in a region-wide rally after China’s economic growth met estimates. Fisher & Paykel Appliances gained after Haier lifted its offer, winning control of the manufacturer. The NZX 50 Index rose 36.76 points, or 0.92 percent, to 4001.94, the highest since Jan. 6 2008. Within the index, 34 stocks rose, 7 fell and 9 were unchanged. Turnover was about $111 million. The gainers were led by NZX, the stock exchange regulator, up...

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