MARKET CLOSE NZ shares rise, led by retailers Kathmandu, Warehouse

Tue, 16 Oct 2012

By Hannah Lynch Oct. 16 (BusinessDesk) - New Zealand shares rose as part of a region-wide rally, led by retailers Kathmandu, Warehouse Group and Restaurant Brands. Diligent Board Member Services paced falling stocks after reporting third-quarter sales. The NZX 50 Index rose 24.33 points, or 0.6 percent, to 3940.69. Within the index, 27 stocks rose, 14 fell and 9 were unchanged. Turnover was about $127 million. Kathmandu, the outdoor clothing and equipment retailer, climbed 3.3 percent to $1.89. Warehouse, the biggest retailer on the NZX, ro...

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