MARKET CLOSE NZ shares rise on positive trans-Tasman sentiment, Fletcher Building, Kathmandu up

Thu, 13 Mar 2014

By Suze Metherell March 13 (BusinessDesk) – New Zealand stocks snapped a three day slide after a jump in Australian employment figures while at home the central bank hiked rates to counter inflation in a strengthening economy. Fletcher Building, Kathmandu Holdings and SkyCity Entertainment Group paced gains. The NZX 50 Index rose 15.454 points, or about 0.3 percent, to 5111.984. Within the index, 22 stocks rose, 14 fell and 14 were unchanged. Turnover was $102.8 million. Australian full-time payrolls were the highest in 22 years as employ...

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