MARKET CLOSE NZX 50 extends gain, Kathmandu, Fletcher rise on positive economic sentiment

Fri, 07 Mar 2014

By Suze Metherell March 7 (BusinessDesk) – The NZX 50 Index closed at a new record high, as investors were attracted to the New Zealand story of strong economic optimism and stable growth. Kathmandu Holdings led the index higher, paced by Fletcher Building. The benchmark index climbed 10.856 points, or 0.2 percent, to 5125.652. Within the index, 20 stocks rose, 17 fell and 13 were unchanged. Turnover was $166.8 million. The benchmark index broke through 5,000 points on Monday and closed on record highs throughout the week, spurred by good...

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