MARKET CLOSE: NZ shares rose on oil relief; Air NZ, OceanaGold gain

Thu, 18 Dec 2014

By Suze Metherell Dec. 18 (BusinessDesk) - New Zealand shares rose, led by OceanaGold Corp and Air New Zealand following a global rally as a rebound in oil prices and positive statements from the US Federal Reserve gave investors hope for the international economy. Arvida Group was flat in its NZX debut. The NZX 50 Index rose 21.891 points, or 0.4 percent, to 5518.476. Within the index, 31 stocks rose, 10 fell and nine were unchanged. Turnover was $133 million. This morning, US Federal Reserve chair Janet Yellen indicated higher US int...

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