MARKET CLOSE: NZ shares gain as earnings boost lifts Mainfreight, Air NZ rebounds

Thu, 26 May 2016

By Sophie Boot May 26 (BusinessDesk) - New Zealand shares gained as Mainfreight posted stronger full-year earnings, giving investors more confidence about its outlook while Air New Zealand rebounded and Metro Performance Glass fell. The S&P/NZX50 Index advanced 39.85 points, or 0.6 percent, to 6,947.89. Within the index, 30 shares rose, 13 fell and seven were unchanged. Turnover was $141.9mn. Mainfreight gained 2.7 percent to $16.92. The transport and logistics group reported a 6.3 percent gain in full-year profit as improved trading i...

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