MARKET CLOSE NZ shares rise, led by Skellerup, NZR on results, outlook

Thu, 23 Aug 2012

Aug. 23 (BusinessDesk) - New Zealand shares rose, led by Skellerup Holdings, after the rubber goods manufacturer posted record earnings, while NZ Refining gained on comments its refinery margins have improved after shrinking last year. The NZX 50 Index rose 4.96 points, or 0.1 percent, to 3663.34. Within the index, 24 stocks rose, 14 fell and 12 were unchanged. Turnover was $80.1 million. Skellerup rose 6 percent to a record close of $1.59 after posting a record annual profit that beat its own guidance and raised its dividend as new products...

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