MARKET CLOSE: NZ shares rise; Westpac gains on Australian optimism, RBD rises

Wed, 11 Jul 2012

By Hannah Lynch July 11 (BusinessDesk) - New Zealand shares rose after a report showed a jump in Australian consumer confidence, lifting stocks including Westpac Banking Corp. Restaurant Brands, the fast-food restaurant operator, led gainers. The NZX 50 Index rose 14.11 points, or 0.4 percent, to 3478.84. Within the index, 22 stocks rose, 17 fell and 11 were unchanged. Turnover was $120 million. Westpac gained 1.64 percent to $27.45 after Australia's consumer confidence rose 3.7 percent to 99.1 in July, a five-month high, according to a Wes...

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