MARKET CLOSE: NZ shares rise paced by Spark; NZOG falls on suspended dividend

Fri, 14 Nov 2014

By Suze Metherell Nov. 14 (BusinessDesk) - New Zealand shares rose paced by Spark New Zealand on the promise its transformation was underway. New Zealand Oil and Gas fell as investors mulled the suspension of dividends in the near term. The NZX 50 Index rose 21.254 points, or 0.4 percent, to 5483.997. Within the index, 20 stocks rose, 19 fell and 11 were unchanged. Turnover was $127.5 million. Spark advanced 2.5 percent to $3.27 and has gained 20 percent in the past six months, in part fuelled by a global hunt for yield paying equities...

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