MARKET CLOSE: NZ shares up on Yellen testimony, NZX and Ryman hit highs

Thu, 13 Jul 2017

By Sophie Boot July 13 (BusinessDesk) - New Zealand shares gained, following global trends, with NZX and Ryman Healthcare continuing to rise. The S&P/NZX50 Index rose 24.87 points, or 0.3 percent, to 7,610.89. Within the index, 21 stocks rose, 16 fell and 13 were unchanged. Turnover was $182.5 million. Today's gains followed international markets rising after US Federal Reserve chief Janet Yellen's comments to Congress overnight, in which she flagged that lower-than-expected inflation will likely keep the pace of interest rate increas...

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