MARKET CLOSE:NZ shares rise on weaker kiwi; Fletcher gains, Meridian drops

Mon, 29 Sep 2014

By Suze Metherell Sept. 29 (BusinessDesk) - New Zealand shares rose as a weaker kiwi dollar attracted investors to stocks with currency exposure such as Fletcher Building and Fisher & Paykel Healthcare. Meridian Energy extended its fall from a record. The NZX 50 Index increased 6.019 points, or 0.1 percent, to 5259.507. Within the index, 22 stocks rose, 19 fell and nine were unchanged. Turnover was a lighter-than-usual $80.7 million. The kiwi dollar fell below 78 US cents for the first time in more than a year after the Reserve Bank pu...

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