MARKET CLOSE: NZ shares bounce, buoyed by FBI clearing Clinton, led by Metro Glass and A2 Milk

Mon, 07 Nov 2016

By Sophie Boot Nov. 7 (BusinessDesk) - New Zealand shares bounced off a four-month low, led upwards by Metro Performance Glass, A2 Milk Co and Z Energy, as part of an Asian market rally. The S&P/NZX 50 Index gained 163.79 points, or 2.4 percent, to 6,872.26. Within the index, 46 stocks rose and five fell. Turnover was $147.2 million. The local market has been sold off in the past month as foreign and domestic investors have sold heavily in the expectation that the low interest rate environment enjoyed by the market for some years is co...

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