MARKET CLOSE: NZ shares rise; Mainfreight gains on earnings; Telecom, Tower climb

Wed, 28 May 2014

By Suze Metherell May 28 (BusinessDesk) - New Zealand shares rose, pushing the NZX 50 Index to,the highest in almost two weeks, after Mainfreight posted a 36 percent jump in earnings and the local bourse joined a global rally sparked by upbeat US manufacturing data. The benchmark index rose 35.612 points, or 0.7 percent, to 5181.462. Within the index, 30 stocks rose, 12 fell and eight were unchanged. Turnover was $126 million, $26 million of which was shares in Telecom. Shares on Wall Street rallied,after,the long weekend, climbing on...

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