MARKET CLOSE NZX 50 at record above 5000; Infratil, Air NZ extends gain

Mon, 03 Mar 2014

By Suze Metherell March 3 (BusinessDesk) – New Zealand’s NZX 50 Index rose to a record, closing above 5000 for the first time as Infratil missed out on the $950 million acquisition and Air New Zealand extended gains to reach a six-year high after its results last week. The NZX 50 Index rose 17.366 points, or 0.3 percent, to 5007.404, the first time it has exceeded 5000 since being introduced as a replacement for the NZSE 40 in 2003. Within the index, 17 stocks rose, 26 fell and seven were unchanged. Turnover was $94 million. Infratil rose...

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