MARKET CLOSE: NZ shares rise on political polls; Heartland gains on property sales

Tue, 17 Jun 2014

By Suze Metherell June 17 (BusinessDesk) - New Zealand shares rose, paced by Heartland New Zealand which advanced to a four-month high on news its asset selling programme was better than forecast. Meridian Energy, Contact Energy and MightyRiverPower climbed as political polls showed the incumbent National-led government returning in September's general election. The NZX 50 Index rose 14.7 points, or 0.3 percent, to 5193.5. Within the index 23 stocks rose, 19 fell and eight were unchanged. So far this month Telecom has been the top traded...

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