MARKET CLOSE NZ shares rise, Telecom, Fletcher gain

Thu, 02 Aug 2012

By Hannah Lynch Aug. 2 (BusinessDesk) - New Zealand shares traded near a three month high, paced by the biggest company on the bourse, Telecom, and on hopes of better earnings from the country's largest construction company, Fletcher Building. The NZX 50 index rose 33.46 points, or 0.9 percent, to 3564.11. Within the index, 34 stocks rose, six fell and 10 were unchanged. Turnover was $79 million. Telecom, the telecommunications company, rose 1.7 percent to $2.70, while Fletcher gained 2.2 percent to $6.19. "Telecom and Fletcher are two of t...

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