MARKET CLOSE NZ shares rise; Tower, Fletcher gain, Chorus falls

Wed, 18 Sep 2013

Sept. 18 (BusinessDesk) – New Zealand shares rose, with the NZX 50 Index edging up to a new record, as optimism about growth in the economy lifted stocks including Fletcher Building. Chorus fell to a six-week low amid a political argument over its network pricing. The NZX 50 rose 5.803 points, or 0.1 percent, to 4703.83. Within the index, 16 stocks rose, 22 fell and 12 were unchanged. Turnover was $124 million. “The key positive is that this economy is starting to recover. Earnings are moving up somewhat on the back of that,” said Matthew Go...

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