MARKET CLOSE: NZ shares edge up as defensive stocks remain in favour; Restaurant Brands gains

Tue, 12 Mar 2019

By Paul McBeth March 12 (BusinessDesk) - New Zealand shares edged up as defensive stocks such as utilities remained attractive to investors in an uncertain global environment. Restaurant Brands New Zealand rose as its suitor declared a partial takeover unconditional. The S&P/NZX 50 Index increased 6.4 points, or 0.1 percent, to 9,397.25. Within the index, 21 stocks rose, 21 fell, and eight were unchanged. Turnover was $159.9 million. The benchmark index remained underpinned by companies held for their reliable earnings and dividends....

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