MARKET CLOSE: NZ stocks rise, Fletcher, Trade Me gain on earnings relief

Wed, 20 Aug 2014

By Suze Metherell Aug. 20 (BusinessDesk) - New Zealand shares rose as Fletcher Building and Trade Me Group beat full-year profit guidance. Energy companies fell on weaker political polls ahead of next month's election. The NZX 50 Index rose 26.126 points, or 0.5 percent, to 5140.338. Within the benchmark, 32 stocks rose, 16 fell and two were unchanged. Turnover was $167 million. Fletcher Building rose 0.9 percent to $9.17, with more than $47 million worth of shares in New Zealand's largest listed company changing hands. The constructio...

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