MARKET CLOSE: NZ shares rise; Z Energy gains on falling oil prices

Fri, 12 Dec 2014

By Suze Metherell Dec. 12 (BusinessDesk) - New Zealand shares rose, paced by Z Energy as falling oil prices reduced its input costs. Chorus, the network operator, extended gains on the prospect of charging more for its copper lines. The NZX 50 Index rose 12.887 points, or 0.2 percent, to 5514.954. Within the index, 22 stocks rose, 21 fell and seven were unchanged. Turnover was $149 million. Oil prices, which have come under pressure as too much supply weighs on the price, dropped further earlier this week after the Organisation of the...

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