MARKET CLOSE: NZ shares edge up as dairy auction buoys Fonterra Fund

Wed, 06 Mar 2019

By Paul McBeth March 6 (BusinessDesk) - New Zealand shares edged up, led by the Fonterra Shareholders' Fund as a stronger than expected dairy auction was seen as an optimistic sign for the sector, despite the fact that it would add pressure to earnings. The S&P/NZX 50 Index increased 15.31 points, or 0.2 percent, to 9,415. Within the index, 22 stocks rose, 20 fell, and eight were unchanged. Turnover was $189.7 million, of which Fletcher Building accounted for $52.5 million. Fonterra Fund units rose 2.6 percent to $4.41, on a volume o...

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