MARKET CLOSE: NZ shares at record, Westpac and ANZ lead gains while Contact drops

Wed, 19 Jul 2017

By Sophie Boot July 19 (BusinessDesk) - New Zealand shares rose to a fresh record, led by Westpac Banking Corp and Australia & New Zealand Banking Corp on positive regulatory news out of Australia, while Contact Energy fell after weaker monthly statistics. The S&P/NZX50 Index rose 18.44 points, or 0.2 percent, to 7,725.77. Within the index, 32 stocks rose, 11 fell and seven were unchanged. Turnover was $151 million. The dual-listed banks led the index's gains today, with Westpac up 4 percent to $34.43 and ANZ rising 3.9 percent to $31....

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