MARKET CLOSE: NZX 50 rises to 2-month high; Heartland, Fonterra Fund, Summerset gain

Mon, 19 Oct 2015

By Jonathan Underhill Oct. 19 (BusinessDesk) - New Zealand shares rose, pushing the S&P/NZX 50 Index to the highest in more than two months, as the rebound in dairy prices, relatively low kiwi dollar and rising house prices lifted sentiment for the economic outlook. Heartland New Zealand, Fonterra Shareholders' Fund and Summerset Group gained. The S&P/NZX 50 Index rose 14.82 points, or 0.3 percent, to 5834.83. Within the index, 35 stocks rose, six fell and nine were unchanged. Turnover was $123 million. Dairy prices have climbed about...

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