MARKET CLOSE NZ stocks resume positive tone as earnings season approaches

Mon, 21 Jan 2013

Jan 21 (BusinessDesk) - New Zealand stocks regained their positive tone today, with gentle rises across the board in light trading, affected by Wellington Anniversary Day and subdued global markets owing to the Martin Luther King long weekend in the US. The NZX 50 Index rose 21 points, or 0.5 percent, to 4185.18. Within the index, 31 stocks rose, 11 stocks fell, and eight were unchanged. Volume was relatively light, compared to trading last week, with a total value of $109.379 million. Telecom led the index higher, followed by Fletcher Buil...

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