MARKET CLOSE: NZ shares edge up; Spark, Arvida gain while Scales, Fisher & Paykel fall

Mon, 28 May 2018

By Sophie Boot May 28 (BusinessDesk) - New Zealand shares edged higher, led by Spark New Zealand and Arvida Group, while Scales Corp and Fisher & Paykel Healthcare weakened. The S&P/NZX50 Index gained 6.8 points, or 0.08 percent, to 8,645.2. Within the index, 21 stocks rose, 20 fell and nine were unchanged. Turnover was $116 million. Spark was the best performer, rising 2.4 percent to $3.635 having outlined plans to accelerate restructuring last week, while Arvida gained 2.4 percent ahead of an earnings announcement tomorrow and Fletch...

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