MARKET CLOSE: NZX 50, Freightways rise to records; Mainfreight paces gains

Thu, 30 Oct 2014

By Suze Metherell Oct. 30 (BusinessDesk) - New Zealand shares rose to a record led by Freightways after a profit upgrade. Mainfreight and Restaurant Brands paced gains as investors hunted for yield investments after the Reserve Bank kept interest rates on hold. The NZX 50 Index rose 14.305 points, or 0.3 percent, to 5370.18, marking the sixth record close in a row. Within the index, 23 stocks rose, 14 fell and 13 were unchanged. Turnover was $94.3 million. Freightways climbed 6.8 percent to a record $5.50 after the listed courier and...

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