MARKET CLOSE: NZ shares gain, A2 Milk rises on index hopes, Pushpay up while Heartland drops

Mon, 12 Mar 2018

By Sophie Boot March 12 (BusinessDesk) - New Zealand shares gained, led higher by A2 Milk Co on index inclusion speculation, with Pushpay and Kathmandu Holdings up. The S&P/NZX50 Index rose 62.07 points, or 0.7 percent, to 8,452.08. Within the index, 33 stocks rose, nine fell and eight were unchanged. Turnover was $96.9 million. The index was pulled higher by A2 Milk Co, which rose 4.7 percent to $13.89. Matt Goodson, managing director at Salt Funds Management, said the stock had gained due to its potential index inclusion on an MSCI...

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