MARKET CLOSE: NZ shares rise on TPP; SkyCity, Xero, Fletcher advance

Tue, 06 Oct 2015

By Suze Metherell Oct. 6 (BusinessDesk) - New Zealand shares rose after agreement was reached on the Trans Pacific Partnership deal. Xero, SkyCity Entertainment Group and Fletcher Building gained. The S&P/NZX 50 Index rose 37.57 points, or 0.7 percent, to 5668.11. Within the index, 30 stocks rose, 11 fell or nine were unchanged. Turnover was $113 million. Overnight 12 Pacific Rim nations reached a deal on the controversial TTP, which covers 40 percent of the global economy and ending more than five years of negotiations to create the...

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