MARKET CLOSE: NZ shares rise, market unfazed by PM change; Kathmandu, Fletcher, Hellaby gain

Tue, 06 Dec 2016

By Sophie Boot Dec. 6 (BusinessDesk) - New Zealand shares rose, led by Kathmandu Holdings and Fletcher Building, with investor confidence not dented by political turbulence following Prime Minister John Key announcing his intention to resign yesterday. The S&P/NZX50 Index gained 55.66 points, or 0.8 percent, to 6,910.37. Within the index, 32 stocks rose, 12 fell and seven were unchanged. Turnover was $133.1 million. "There are no discernable market changes to the political changes here, status quo expectation is policy as usual," said...

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