MARKET CLOSE NZX 50 at record on 5th anniversary of Lehman collapse

Mon, 16 Sep 2013

Sept. 16 (BusinessDesk) – New Zealand shares rose, pushing the NZX 50 Index to a record high on the fifth anniversary of the collapse of Lehman Brothers, as confidence about continued economic growth and a recovery in Australia’s housing market lifted stocks such as Fletcher Building. The NZX 50 rose 42.681 points, or 0.9 percent, to 4693.623, the highest ever close for the benchmark index. Within the index, 28 stocks rose, 11 fell and 11 were unchanged. Turnover was $94.7 million. The index’s gains coincide with Australia’s S&P/ASX 200 Inde...

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