MARKET CLOSE NZX 50 holds near record high as MRP priced; Fletcher, Trade Me up

Thu, 09 May 2013

May 9 (BusinessDesk) – New Zealand’s benchmark NZX 50 Index was little changed near a record high as investors await the debut of MightyRiverPower and signs of a strengthening economy lifted stocks ranging from Fletcher Building to Trade me. The NZX 50 slipped 0.9 points, or 0.02 percent, to 4639.33, having reached a record yesterday. Within the index, 22 stocks rose, 20 fell and eight were unchanged. Turnover was $161 million. Local institutional investors say there’s room for MightyRiverPower to rise on its debut as offshore investors scal...

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