MARKET CLOSE: NZ shares extend gain; Comvita, Meridian Energy rise in bargain hunting

Tue, 20 Sep 2016

By Sophie Boot Sept. 20 (BusinessDesk) - New Zealand shares rose for a third session as investors continued to seek out cheap-looking stocks, with Comvita, Meridian Energy and Auckland International Airport leading the index higher. The S&P/NZX 50 Index gained 30.32 points, or 0.4 percent, to 7,308.44. Within the index, 24 stocks rose, 20 fell and six were unchanged. Turnover was $141.9 million. "We've had a bit of a rally and that really comes after the fall we've experienced in the last week - there's a little bit of bargain hunting,...

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