MARKET CLOSE: NZ shares rise on upbeat Australian view; Westpac, Pumpkin Patch gain

Thu, 07 Jun 2012

June 07 (BusinessDesk) - New Zealand shares rose, led by companies exposed to the Australian economy after strong jobs and economic growth data lifted companies that get revenue across the Tasman. Pumpkin Patch led the advance, while Westpac and ANZ Bank also gained. The NZX 50 Index gained 9.44 points, or 0.3 percent, to 3473.95. Within the index, 24 stocks gained, 19 fell and seven were unchanged. Turnover was $102.8 million. In Australia, the S&P/ASX 200 Index climbed 1.3 percent in afternoon trading after government figures showed the eco...

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