MARKET CLOSE: NZ shares rise, led by Tower, Fletcher

Tue, 26 May 2015

By Suze Metherell May 26 (BusinessDesk) - New Zealand shares rose, led by Tower, after the general insurer lifted its dividend. Dual-listed stocks such as Fletcher Building and a2 Milk Co advanced as stocks on the ASX gained. The NZX 50 Index rose 0.02 points, or 0.874 percent, to 5795.855. Within the index, 20 stocks rose, 27 fell and three were unchanged. Turnover was $104 million. Tower led the benchmark index higher, rising 4.3 percent to $2.20 after the general insurer hiked its interim dividend and confirmed an on-market share b...

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