MARKET CLOSE NZX 50 climbs above 4000; Fletcher, Chorus, Hallenstein gain

Fri, 23 Nov 2012

Nov. 23 (BusinessDesk) - New Zealand shares rose, pushing the NZX 50 Index above 4000 for only the second time since January 2008. Fletcher Building, Chorus, Hallenstein Glasson Holdings and Property for Industry led the advance while Precinct Properties fell. The NZX 50 rose 11.12 points, or 0.3 percent, to 4008.33, bringing its gain this year to 21 percent. Within the index, 20 stocks rose, 19 fell and 11 were unchanged. Turnover was $97 million. New Zealand’s benchmark index has gained twice as much as the Standard & Poor’s 500 Index so f...

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