MARKET CLOSE NZ shares rise to 2 12 month high as central banks meet

Tue, 31 Jul 2012

By Hannah Lynch July 31 (BusinessDesk) - New Zealand’s NZX 50 Index rose to the highest in more than two months, led by Telecom, Ryman Healthcare and Fletcher Building on optimism that central bank meetings in Europe and America will help stimulate global growth. The NZX 50 index rose 26.12 points or 0.74 percent to 3545.01, the highest level since May 14. Within the index, 27 stocks gained, 11 fell and 12 were unchanged. Turnover was $108 million. "Our companies are performing pretty well and New Zealand isn't a bad place to invest when y...

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