MARKET CLOSE NZX 50 up on continuing positive tone; 27 shares rise, 9 fall

Mon, 14 Jan 2013

Jan 14 (BusinessDesk) – New Zealand shares rose in relatively light trading, the positive tone led by high-yielding retailer Pumpkin Patch and the country’s largest construction company, Fletcher Building. The NZX 50 Index rose 22.16 points, or 0.53 percent, to 4153.91 at 5pm. Within the index, 26 stocks rose, while 10 fell, leaving 14 unchanged. Turnover was $69.0 million in light early new year trading. “We’ve seen a bit of a continuation of the first two weeks of the year,” said Bryon Burke at Craigs Investment Partners. “Stocks are edgin...

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