MARKET CLOSE NZX 50 at new record as Air NZ rival quits key route; F and P Healthcare rises

Thu, 20 Mar 2014

By Suze Metherell March 20 (BusinessDesk) – The NZX 50 Index closed at a new record, after a late afternoon rally. Air New Zealand gained after rival Jetstar quit a key route to Singapore and Fisher & Paykel Healthcare rose as the kiwi dollar fell, lifting the value of US sales. The NZX 50 rose 5.675 points, or 0.1 percent, to 5160.39. Within the index, 24 stocks rose, 18 fell and eight were unchanged. Turnover was $147.5 million. Air New Zealand rose 1.6 percent to $1.895. Jetstar, the discount unit of Australian airline Qantas Airways, s...

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