New Zealand shares jump

New Zealand share prices jumped 2.11 percent on Monday, sparked by news of a possible take-over bid for blue chip Auckland International Airport, dealers said. Auckland Airport closed up 38 cents at 3.20 dollars after the company said a Canadian pension fund had approached select shareholders to buy their stock at 3.10 dollars ahead of a possible bid.
The NZX-50 gross index rose 90.72 points to 4,303.18 on turnover worth 98.5 million dollars (74.3 million US). Rises led falls 77 to 42. The gains left the market within sight of the record finish of 4,333.24 points on May 24.