MARKET CLOSE: NZ shares rise; Nuplex, Air NZ, Mainfreight up on cheap oil

Fri, 15 May 2015

By Suze Metherell May 15 (BusinessDesk) - New Zealand shares rose. Nuplex Industries climbed to a four-year high after it upgraded its profit guidance. Freightways, Mainfreight and Air New Zealand advanced as cheaper global oil prices meant lower input costs. The NZX 50 Index rose 21.972 points, or 0.4 percent, to 5760.376. Within the index, 22 stocks rose, 16 fell and 12 were unchanged. Turnover was $99.4 million. Nuplex extended its gains, rising 3.4 percent to $3.69, its highest level since February 2011. The specialty chemical ma...

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