MARKET CLOSE: NZ shares edge up; rising oil prices keep Air NZ cautious

Wed, 26 Sep 2018

By Paul McBeth Sept. 26 (BusinessDesk) - New Zealand shares edged higher as improved confidence lifted building and tourism stocks. Rising oil prices kept investors nervous about higher energy costs for companies, and was identified as a headwind for Air New Zealand at its annual meeting. The S&P/NZX 50 index increased 3.89 points, or 0.04 percent, to 9,349.85. Within the index, 23 stocks gained, 18 fell and nine were unchanged. Turnover was $177.4 million. Air New Zealand's annual meeting was the highlight for the day and came in th...

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