MARKET CLOSE: NZX 50 rises to record again; Meridian paces yield stocks higher

Tue, 27 Jan 2015

Jan. 27 (BusinessDesk) - New Zealand shares rose, pushing the NZX 50 Index to a record, as low interest rates spurred investors to seek out companies paying reliable dividends such as Meridian Energy. Fisher & Paykel Healthcare gained after the kiwi dollar touched a three-year low. The NZX 50 index rose 39.082 points, or 0.7 percent, to 5737.738, bringing its gains this year to 2.3 percent. Within the index 22 stocks rose, 19 fell and nine were unchanged. Turnover was $98.7 million. New Zealand utility and property stocks offering high di...

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