MARKET CLOSE: NZ shares rise; Pumpkin Patch, Mainfreight advance

Thu, 31 May 2012

May 31 (BusinessDesk) - New Zealand shares rose, pushing the NZX 50 Index to a week-high, as Mainfreight extended gains after posting record earnings yesterday and Pumpkin Patch named veteran retailing executive and investor Rod Duke to its board. The NZX 50 rose 6.94 points, or 0.2 percent, to 3488.28. Within the index, 19 stocks rose, 19 fell and 12 were unchanged. Turnover was about $115 million. Mainfreight, the biggest road transport company on the bourse, rose 1 percent to $9.86, adding to its 3.2 percent gain yesterday, when it report...

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