New Zealand shares rose on Fletcher Building’s positive annual earnings and outlook while NZX dropped after posting first-half results that included costs of its legal battle with Ralec.
The S&P/NZX 50 Index gained 44.34 points, or 0.6%, to 7355.01. Within the index, 27 stocks rose, 13 fell and 11 were unchanged. Turnover was $175.3 million.
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