MARKET CLOSE: NZ shares rise led by rebound in MRP

Tue, 14 Apr 2015

By Suze Metherell April 14 (BusinessDesk) - New Zealand shares rose led by MightyRiverPower as the stock rebounded from a near six month low. Income paying stocks, such as Kiwi Property Group and Precinct Properties gained. Orion Health Group fell. The NZX 50 Index rose 27.79 points, or 0.5 percent, to 5882.109. Within the index, 29 stocks rose, 11 fell and nine were unchanged. Turnover was $103 million. MRP advanced 2.7 percent to $3, rebounding from its lowest level since November. The utility company had been sold off as investors...

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