MARKET CLOSE: NZX 50 charts new record as Spark attracts income hunters; VMob soars

Mon, 26 Jan 2015

By Paul McBeth Jan. 26 (BusinessDesk) - New Zealand shares rose to a new record close as holidays in Auckland and Australia kept trading volumes light. The gains were led by companies offering relatively high dividend yields, such as Spark New Zealand. The NZX 50 index rose 23.418 points, or 0.4 percent, to 5698.656. Within the index 24 stocks rose, 15 fell and 11 were unchanged. Turnover was a smaller than usual $59.4 million due to the public holidays. New Zealand utility and property stocks offering high dividends have been attracti...

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