MARKET CLOSE: NZ shares back at record highs; Genesis, MetroGlass, A2 gain

Mon, 22 Aug 2016

By Jonathan Underhill Aug. 22 (BusinessDesk) - New Zealand shares rose, pushing the NZX 50 Index to a new record, as a lack of negative surprises during earnings season ensured ongoing demand for the market's relatively high yields. Genesis Energy, Metro Performance Glass and A2 Milk gained. The S&P/NZX 50 Index gained 56.91 points, or 0.8 percent, to 7,462.16. Within the index, 28 stocks rose, 15 fell and eight were unchanged. Turnover was $161 million. The benchmark index has climbed 209 percent from its lows of early 2009 in the dep...

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