MARKET CLOSE: NZ stocks rise, paced by NZOG; Property entities advance

Tue, 01 Jul 2014

By Suze Metherell July 1 (BusinessDesk) - New Zealand stocks rose, paced by New Zealand Oil and Gas which advanced after securing $5 million in historic royalties from Genesis Energy. Property entities rose. The NZX 50 Index increased 4.785 points, or 0.1 percent, to 5146.262. Within the index, 25 stocks rose, 14 fell and 11 were unchanged. Turnover was $152.4 million. NZOG climbed 1.9 percent to 81 cents. The Wellington-based company will receive a one-off $5 million lift to after tax earnings in the current financial year and an expe...

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