MARKET CLOSE: NZ shares mixed; yield stocks back in vogue, Air NZ gains

Wed, 25 Sep 2019

By Paul McBeth Sept. 25 (BusinessDesk) - New Zealand shares outperformed the rest of Asia, edging higher as yield stocks such as Trustpower and Infratil were back in favour among investors. Air New Zealand rose as rival Jetstar signalled it will stop flying regional routes. The S&P/NZX 50 Index increased 2.73 points, or 0.03 percent, to 10,861.44. Within the index, 17 stocks rose, 22 fell, and 11 were unchanged. Turnover was $110.6 million. The New Zealand and Australian markets outperformed the rest of Asia after stocks on Wall Stre...

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