MARKET CLOSE:NZ stocks rise in global rally; Nuplex, Pacific Edge, A2 climb

Mon, 09 Jun 2014

By Suze Metherell June 9 (BusinessDesk) - New Zealand stocks edged higher in a global rally as data showed signs of economic growth, while expansion in the domestic economy is likely to see the Reserve Bank hike the official cash rate for a third time this Thursday. Nuplex Industries, Pacific Edge and A2 Milk Company rose. The NZX 50 Index rose 4.912 points, or 0.1 percent, to 5187.349 Within the index, 25 stocks gained, 11 fell and 14 were unchanged. Turnover was $112 million. On Friday Wall Street benchmark indexes closed at a record...

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