MARKET CLOSE NZ shares rise; Nuplex up after earnings, Chorus gains

Fri, 17 Aug 2012

By Hannah Lynch Aug. 17 (BusinessDesk) - New Zealand shares rose, paced by Nuplex Industries after the specialty chemical maker’s earnings growth stalled as it predicted. Chorus gained after the Commerce Commission backed off on plans to investigate the networks pricing. The NZX 50 Index rose 22.46 points, or 0.64 percent, to 3639.65. Within the index, 36 stocks rose, 7 fell and 7 were unchanged. Turnover was a larger-than-average $130 million. Nuplex rose 2.2 percent to $2.73 and has a dividend yield of 10.2 percent. The shares rose as hig...

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