MARKET CLOSE: NZ shares rise led by Pacific Edge, Kiwi Property

Fri, 20 Mar 2015

By Suze Metherell March 20 (BusinessDesk) - New Zealand shares rose, paced by Property For Industry, Kiwi Property Group and Goodman Property Trust as investor appetite for yield returned. Pacific Edge led the benchmark index higher after it secured further patents. The NZX 50 Index rose 11.972 points, or 0.2 points, to 5871.376. Within the index, 22 stocks rose, 21 fell and seven were unchanged. Turnover was $431 million, of which Spark New Zealand made up $128 million while Fletcher Building had $60 million worth of shares change hands....

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