MARKET CLOSE: NZ shares rise, led by Skellerup, Meridian

Thu, 19 Mar 2015

By Suze Metherell March 19 (BusinessDesk) - New Zealand shares rose, led by Skellerup Holdings and paced by Meridian Energy, as investors returned to equities in the face of globally low interest rates. Kathmandu Holdings gained ahead of reporting earnings tomorrow. The NZX 50 Index rose 12.741 points, or 0.2 percent, to 5859.404. Within the index, 19 stocks rose, 25 fell and six were unchanged. Turnover was $184 million. Overnight, Wall Street rose after the Federal Open Market Committee lowered its outlook for growth, inflation and...

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