MARKET CLOSE: NZ shares bounce back from Turkish sell-down, Summerset falls on mixed result

Tue, 14 Aug 2018

By Paul McBeth Aug. 14 (BusinessDesk) - New Zealand shares bounced back from some of yesterday's sell-off as investors are yet to see serious contagion from Turkey's burgeoning financial crisis, led higher by Synlait Milk and A2 Milk Co. Summerset Group Holdings fell after reporting first-half earnings. The S&P/NZX 50 index rose 26.9 points, or 0.3 percent, to 8,971.94. Within the index, 22 stocks gained, 20 fell and eight were unchanged. Turnover was $137 million. Stocks across Asia were mixed as investors digest the impact of Turke...

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