MARKET CLOSE: NZ shares bounce as Asian markets rise; Auckland Airport, Chorus, Genesis gain

Mon, 27 Jun 2016

By Sophie Boot June 27 (BusinessDesk) - New Zealand shares bounced today as Asian markets traded strongly in the afternoon, with companies offering stable dividends attracting interest from investors wary about potential cuts to the official cash rate. Auckland International Airport, Chorus and Genesis Energy gained. The S&P/NZX 50 Index rose 19.14 points, or 0.3 percent, to 6,686.92. Within the index, 22 stocks rose, 21 fell and seven were unchanged. Turnover was $126.7 million. The local bourse dropped 2.3 percent on Friday as news...

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