MARKET CLOSE NZ shares rise to fresh record, buoyed by new listings

Fri, 01 Nov 2013

By Tina Morrison Nov. 1 (BusinessDesk) - New Zealand shares rose to a new record, ending the week up 1 percent after Meridian Energy and tech start-up GeoOp listed. The NZX 50 Index rose 4.106 points, or 0.084 percent, to 4,913.832. Within the index, 20 stocks rose, 23 fell and seven were unchanged. Turnover was $133.2 million. “Overall it’s been a good week,” said Grant Williamson, a director at brokerage Hamilton Hindin Greene. “The market is still in a very nice uptrend as we see a good inflow of funds coming into the market.” GeoOp, th...

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