MARKET CLOSE: NZ shares end November higher in heavy month-end trading

Fri, 30 Nov 2018

By Paul McBeth Nov. 30 (BusinessDesk) - New Zealand shares rose for a fourth day in heavier-than-usual trading as major institutional investors reallocated their portfolios, pushing up heavyweight stocks including Spark New Zealand and Meridian Energy. The S&P/NZX 50 index increased 28.66 points, or 0.3 percent, to 8,823.54, marking a 0.8 percent gain in November. Within the index, 29 stocks rose, 17 fell and four were unchanged. Turnover was $299.2 million. Trade Me was the best performer in November, up 25 percent in the month at $...

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