MARKET CLOSE NZ shares rise to 5-year high; Wrightson, Ryman gain

Fri, 28 Dec 2012

Dec. 28 (BusinessDesk) – New Zealand shares rose, pushing the NZX 50 Index to a new five-year high, led by stocks that are among broker picks for 2013, such as PGG Wrightson and Ryman Healthcare. The NZX 50 rose 15.45 points, or 0.4 percent, to 4080.90, the highest close since December 2007, bringing its gain this year to 24 percent. Within the index, 22 stocks rose, 12 fell and 16 were unchanged. Turnover was a lower-than-average $57 million, reflecting reduced trading during the Christmas-New Year holiday period. Wrightson, the nation’s bi...

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