MARKET CLOSE: NZ shares rise, THL, Meridian gain, Kathmandu falls

Mon, 09 Jan 2017

By Sophie Boot Jan. 9 (BusinessDesk) - New Zealand shares rose, led by Tourism Holdings and Meridian Energy, while Kathmandu Holdings dropped. The S&P/NZX 50 Index gained 42.07 points, or 0.6 percent, to 7,012.73, the first time it's closed above 7,000 since Nov 17 2016. Within the index, 37 stocks rose, nine fell and four were unchanged. Turnover was $89.3 million. "The market's clearly a bit better but there's not a lot going on - there's a bit more volume today, which is a sign that people are beginning to make their way back into t...

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