MARKET CLOSE:NZ shares rise; Air NZ climbs on falling oil while NZOG drops

Mon, 01 Dec 2014

By Suze Metherell Dec. 1 (BusinessDesk) - New Zealand shares rose, paced by Air New Zealand which gained on the prospect of cheap jet fuel on falling oil prices. New Zealand Oil & Gas fell on the weak oil prices, while OceanaGold Corp dropped on declining gold prices. The NZX 50 Index rose 5.175 points, or 0.1 percent, to 5429.622. Within the index stocks were mixed, 20 rose, 24 fell and six were unchanged. Turnover was $94.6 million. Across the Tasman Australia's S&P/ASX 200 Index dropped 1.8 percent in afternoon trading as investors...

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