MARKET CLOSE: NZ stocks rise, ANZ, Fletcher gain

Tue, 05 May 2015

By Suze Metherell May 5 (BusinessDesk) - New Zealand shares rose, paced by Australia and New Zealand Banking Group after it reported its first-half earnings. Fletcher Building advanced after affirming its annual guidance. The NZX 50 Index rose 20.713 points, or 0.4 percent, to 5787.791. Within the index, 23 stocks rose, 16 fell and 11 were unchanged. Turnover was $97.5 million. ANZ rose 3 percent to $35.75 after it post a 5 percent gain in cash profit to A$3.67 billion, with a 6 percent increase in net interest income to A$7.14 billio...

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