CORRECT: MARKET CLOSE: NZ shares gain for fifth day, led by Synlait on North Island plans

Tue, 27 Feb 2018

(Fixes prices throughout) By Paul McBeth Feb. 27 (BusinessDesk) - New Zealand shares rose for a fifth day, following overseas markets higher, led by Synlait Milk after the milk processor bought a plot in Waikato for a new manufacturing facility. Spark New Zealand, Fletcher Building, and Air New Zealand all gained. The S&P/NZX 50 index increased 19.85 points, or 0.2 percent, to 8,360.38. Within the index, 24 stocks rose, 15 fell, and 11 were unchanged. Turnover was $128 million. Stocks across Asia followed Wall Street higher as inv...

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