MARKET CLOSE: NZ shares bounce, Port of Tauranga and Scales up while Comvita declines

Thu, 27 Oct 2016

By Sophie Boot Oct. 27 (BusinessDesk) - New Zealand shares bounced back from yesterday's 1.5 percent drop, led by Port of Tauranga and Scales Corporation while Comvita continued to fall. The S&P/NZX50 Index rose 45.75 points, or 0.7 percent, to 6,941.95. Within the index, 29 stocks rose, 12 were unchanged and nine fell. Turnover was $124.8 million. "There's a little bit of a bounce - the market was obviously very weak yesterday, but it's made back about a third of that today, so maybe people are doing a bit of bargain hunting," said J...

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