MARKET CLOSE NZX 50 at record on unchanged Fed, growth; Fletcher gains

Thu, 19 Sep 2013

Sept. 19 (BusinessDesk) – New Zealand shares rose, pushing the NZX 50 Index to a new record as the Federal Reserve kept its stimulus unchanged and the local economy grew more than expected. Fletcher Building rose to a five-year high. The NZX 50 rose 49.205 points, or 1 percent, to 4753.035. Within the index, 37 stocks rose, six rose and seven were unchanged. Turnover was about $135 million. Stocks rallied worldwide, Wall Street benchmarks hit new records and growth-linked currencies such as the kiwi surged after Fed chairman Ben Bernanke sur...

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