MARKET CLOSE: NZ stocks edge up to new high, led by Freightways climbs on upbeat trading update

Thu, 29 Oct 2015

By Suze Metherell Oct. 29 (BusinessDesk) - The S&P/NZX 50 Index edged up to a fresh record, led by Freightways on an upbeat trading update. MightyRiverPower and Argosy Property gained on demand for income-paying investments. The NZX 50 rose 3.39 points, or 0.1 percent, to 6002.380, the second time it broke new highs this week. Within the index stocks were mixed as 19 rose, 20 fell and 11 were unchanged. Turnover was $194 million. Freightways led the benchmark index higher up 2.3 percent to $5.89. The logistics and courier company re...

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