MARKET CLOSE NZ shares snap 2-day slide as Kathmandu result cheered, Sky TV gains

Tue, 24 Sep 2013

Sept. 24 (BusinessDesk) – New Zealand shares snapped a two-day slide after Kathmandu delivered record earnings and Sky Network Television rose in continued heavier-than-average trading. Fletcher Building rose after falling from a five-year high reached last week. The NZX 50 Index, which touched a record high last week, rose 9.213 points, or 0.2 percent, to 4710.587 Within the index, 16 stocks rose, 24 rose and 10 were unchanged. Turnover was $111 million. The NZX 50 has climbed about 16 percent this year, as low interest rates across much of...

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