Pyne Gould Corp climbed from near a record low and New Zealand Oil & Gas gained with the price of crude oil, pacing gainers on the NZX 50 Index.
Shares continue to make gains - Stuff.co.nz
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Pyne, whose shareholders have approved a plan to merge its Marac unit with two building societies to create a publicly traded bank, gained 2.7 percent to 38 cents, leading gainers on the index. NZ Oil & Gas gained 1.1 percent to 91 cents after the price of crude oil reached a two-year high and some traders predicted the price could reach US$100 a barrel.Shares continue to make gains - Stuff.co.nz
