MARKET CLOSE: NZ stocks rise as Nuplex, Diligent soar on takeover offers

Mon, 15 Feb 2016

By Sophie Boot Feb. 15 (BusinessDesk) - New Zealand stocks rose as Nuplex Industries and Diligent Corp soared following takeover offers, after more positive global leads. The S&P/NZX 50 Index advanced 100.3 points, or 1.7 percent, to 6034.29. Within the index, 34 stocks rose, nine fell and seven were unchanged. Turnover was $107 million. Nuplex led the index, up 30 percent to $5, an eight-year high. The stock had closed at $3.86 on Friday, prior to this morning's announcement that Allnex Belgium SA has proposed buying the company via a...

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