MARKET CLOSE: NZ shares at record; trading quiet as investors digest re-weightings

Mon, 18 Mar 2019

By Paul McBeth March 18 (BusinessDesk) - New Zealand shares rose to a record in quiet trading as investors digested the latest round of index re-weightings and wait on upcoming earnings. Kathmandu Holdings led the market higher. The S&P/NZX 50 index rose 41.85 points, or 0.4 percent, to 9,515.12. Within the index, 25 stocks gained, 20 fell and five were unchanged. Turnover was $96 million, with just two companies trading on volumes of more than a million shares. Friday's turnover was $407 million. "It's just drifted up following wher...

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