MARKET CLOSE NZX heads higher on positive Fonterra result

Wed, 27 Mar 2013

March 27 (BusinessDesk) - New Zealand shares rose, with units of the Fonterra Shareholders’ Fund gaining strongly as the multi-national, Auckland-based dairy cooperative announced better than expected half year results. The NZX 50 Index rose 66.032 points, or 1.52 percent, to 4,412.059 . Within the index, 31 stocks gained, 13 fell and six were unchanged. Turnover was $98.78 million. Fonterra units rose 5.67 percent percent to $7.45, having touched $7.50 earlier in the day. The units are now at levels not seen since January before the DCD resi...

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