MARKET CLOSE: NZ shares extend rally on low rate outlook; Plexure soars on McD's backing

Tue, 02 Apr 2019

By Paul McBeth April 2 (BusinessDesk) - New Zealand shares extended their rally for a sixth day as growing expectations for an interest rate cut stokes broad-based demand for equities. Plexure Group soared after McDonald's invested in the tech minnow. The S&P/NZX 50 Index rose 104.44 points, or 1.1 percent, to a record 9,958.35, outperforming other Asian benchmarks. Within the index, 41 stocks gained, eight fell, and one was unchanged. Turnover was $137.3 million. The benchmark index has been treading in uncharted territory, getting...

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