Reuters: Hot Stocks: New Zealand shares mark time near multi-year highs

Reuters: Hot Stocks Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

New Zealand shares mark time near multi-year highs Jan 27th 2013, 21:55 WELLINGTON | Sun Jan 27, 2013 4:55pm EST WELLINGTON Jan 28 (Reuters) - New Zealand shares opened largely flat on Monday in sight of a five year high, with investors consolidating recent gains in a holiday thinned market. The benchmark NZX 50 index rose 1.3 points to 4,201.185 in early trade, with most leaders steady and trading volumes thin. So far this year the index has gained 3.3 percent, touching 4207.16, its highest level since November 2007, on Jan 18. Activity was being slimmed by a regional holiday in the country's commercial hub and biggest city, Auckland, while Australia also has a public holiday. U.S. stocks rose across the board on Friday with the Standard & Poor's 500 notching its eight straight winning day on the back of strong earnings reports.

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