MARKET CLOSE NZ shares rise; Warehouse, Kathmandu gain, Tower falls

Tue, 04 Sep 2012

By Hannah Lynch Sept. 4 (BusinessDesk) - New Zealand shares rose paced by retailers Warehouse Group and Kathmandu. Guinness Peat Group gained after announcing it will kick off its share buyback this week and Tower dropped after reducing its guidance. The NZX 50 Index rose 6.99 points, or 0.19 percent, to 3676.02. Within the index, 28 shares rose, nine fell and 13 were unchanged. Turnover was about $65.9 million. Warehouse Group, the biggest retailer on the NZX 50, gained 3.2 percent to $2.91 ahead of its full-year results on Friday. Kathmand...

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