MARKET CLOSE NZX 50 holds at record as Telecom, Tower gain, Chorus falls

Tue, 17 Sep 2013

Sept. 17 (BusinessDesk) – New Zealand shares were mixed, keeping the NZX 50 Index at a record high, as Telecom and Tower rose, while regulatory uncertainty weighed on Chorus. The NZX 50 rose 4.404 points, or 0.1 percent, to 4698.027. Within the index, 26 stocks rose, 15 fell and nine were unchanged. Turnover was $154 million. Telecom rose 1.7 percent to $2.365, only the second time since May it has closed that high, and accounted for $31 million of turnover on the index. The stock is rated a ‘hold’ based on a Reuters survey, with a price tar...

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