MARKET CLOSE: NZ shares gain as beat-up market draws bargain hunters; Tower, Chorus, A2 rise

Thu, 24 Nov 2016

By Jonathan Underhill Nov. 24 (BusinessDesk) - New Zealand shares rose, led by Tower, Chorus and A2 Milk, as the benchmark index's 14 percent slide from its early September highs drew some investors back to the market. The S&P/NZX 50 Index advanced 31.78 points, or 0.5 percent, to 6,883.25. Within the index, 25 stocks rose, 20 fell and six were unchanged. Turnover was $155 million. Fisher & Paykel Healthcare was the biggest mover by volume, rising 2.3 percent to $8.34. That follows turnover of 6.9 million yesterday when the stock sank...

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