MARKET CLOSE: NZ shares extend gain as Investore stags in latest listing

Tue, 12 Jul 2016

By Paul McBeth July 12 (BusinessDesk) - New Zealand shares extended their run of new records, led by real estate owner Investore Property which debuted on the local market after being spun out of Stride Property. The S&P/NZX 50 index rose 17.01 points, or 0.2 percent, to 7,079.46, a new record close. Within the index, 27 stocks gained, 17 fell, and seven were unchanged. Turnover was $148 million. Investore jumped 8.1 percent to $1.61, leading the benchmark higher in its debut. The company raised $189 million at $1.49 a share in an in...

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